Neuberger Berman Group LLC Boosts Position in Exelon Corporation (EXC)
Neuberger Berman Group LLC boosted its stake in shares of Exelon Corporation (NYSE:EXC) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,257,378 shares of the energy giant’s stock after buying an additional 83,504 shares during the period. Neuberger Berman Group LLC owned about 0.34% of Exelon Corporation worth $117,494,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Live Your Vision LLC boosted its position in Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after buying an additional 27 shares during the period. Assetmark Inc. boosted its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the period. V Wealth Management LLC acquired a new position in Exelon Corporation during the second quarter valued at about $111,000. Hudock Capital Group LLC boosted its position in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock valued at $122,000 after buying an additional 372 shares during the period. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exelon Corporation (NYSE EXC) opened at 38.22 on Wednesday. The firm has a market capitalization of $36.69 billion, a P/E ratio of 20.21 and a beta of 0.27. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The firm has a 50-day moving average of $37.54 and a 200 day moving average of $36.21.
Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
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Several equities analysts recently issued reports on EXC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a research report on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $37.50 in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Exelon Corporation in a research report on Tuesday, May 30th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Exelon Corporation has a consensus rating of “Buy” and an average target price of $39.92.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $36.52, for a total value of $17,014,375.84. Following the completion of the sale, the chairman now directly owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 927,844 shares of company stock valued at $34,570,885. Corporate insiders own 0.70% of the company’s stock.
About Exelon Corporation
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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