Exelon Corporation (EXC) Holdings Raised by Ameriprise Financial Inc.
Ameriprise Financial Inc. boosted its holdings in shares of Exelon Corporation (NYSE:EXC) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,749,900 shares of the energy giant’s stock after acquiring an additional 311,791 shares during the quarter. Ameriprise Financial Inc. owned about 0.39% of Exelon Corporation worth $135,228,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of EXC. Acadian Asset Management LLC increased its stake in Exelon Corporation by 185.4% during the first quarter. Acadian Asset Management LLC now owns 9,246 shares of the energy giant’s stock worth $333,000 after acquiring an additional 6,006 shares during the last quarter. Elkfork Partners LLC increased its stake in Exelon Corporation by 9.7% during the first quarter. Elkfork Partners LLC now owns 77,638 shares of the energy giant’s stock worth $2,793,000 after acquiring an additional 6,886 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Exelon Corporation by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 11,107,714 shares of the energy giant’s stock worth $399,655,000 after acquiring an additional 1,015,273 shares during the last quarter. Suntrust Banks Inc. increased its stake in Exelon Corporation by 26.0% during the first quarter. Suntrust Banks Inc. now owns 169,357 shares of the energy giant’s stock worth $6,092,000 after acquiring an additional 34,927 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Exelon Corporation by 411.5% during the first quarter. BNP Paribas Arbitrage SA now owns 810,369 shares of the energy giant’s stock worth $29,157,000 after acquiring an additional 651,928 shares during the last quarter. 76.79% of the stock is owned by institutional investors.
Exelon Corporation (NYSE EXC) opened at 37.61 on Friday. The stock has a market capitalization of $36.11 billion, a price-to-earnings ratio of 19.89 and a beta of 0.28. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The company has a 50-day moving average price of $38.03 and a 200-day moving average price of $36.44.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.88 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities research analysts forecast that Exelon Corporation will post $2.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were given a dividend of $0.3275 per share. The ex-dividend date was Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a yield of 3.48%. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
In related news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction on 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 approximately $2,203,855.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the sale, the executive vice president now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 475,285 shares of company stock valued at $18,067,297. 0.70% of the stock is owned by corporate insiders.
EXC has been the subject of several recent analyst reports. Credit Suisse Group reissued a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Deutsche Bank AG restated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.17.
Exelon Corporation Company Profile
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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