Exelon Corporation (EXC) Stake Increased by ARGI Investment Services LLC
ARGI Investment Services LLC boosted its position in Exelon Corporation (NYSE:EXC) by 107.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,115 shares of the energy giant’s stock after buying an additional 23,835 shares during the period. ARGI Investment Services LLC’s holdings in Exelon Corporation were worth $1,664,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of Exelon Corporation by 185.4% in the first quarter. Acadian Asset Management LLC now owns 9,246 shares of the energy giant’s stock worth $333,000 after buying an additional 6,006 shares during the last quarter. Breton Hill Capital Ltd. bought a new position in Exelon Corporation during the first quarter worth approximately $284,000. 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 worth $114,000 after buying an additional 240 shares during the period. Wesbanco Bank Inc. boosted its position in Exelon Corporation by 10.2% in the first quarter. Wesbanco Bank Inc. now owns 10,807 shares of the energy giant’s stock worth $388,000 after buying an additional 1,000 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Exelon Corporation by 50.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,358,257 shares of the energy giant’s stock worth $48,870,000 after buying an additional 452,510 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) traded up 0.55% during midday trading on Thursday, hitting $38.05. 588,826 shares of the stock were exchanged. The stock’s 50-day moving average price is $37.54 and its 200-day moving average price is $36.21. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The firm has a market capitalization of $36.53 billion, a price-to-earnings ratio of 20.12 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s payout ratio is 68.59%.
A number of equities analysts have commented on EXC shares. BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 price objective on shares of Exelon Corporation in a research report on Thursday, May 4th. UBS AG raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $37.50 in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Exelon Corporation in a research report on Tuesday, May 30th. BidaskClub raised shares of 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 set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Exelon Corporation presently has a consensus rating of “Buy” and a consensus price target of $39.92.
In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. In the last 90 days, insiders sold 927,844 shares of company stock valued at $34,570,885. Company 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.
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).
Receive News & Stock Ratings for Exelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corporation and related stocks with our FREE daily email newsletter.