Profund Advisors LLC Buys 23,311 Shares of Exelon Corporation (EXC)
Profund Advisors LLC increased its holdings in shares of Exelon Corporation (NYSE:EXC) by 31.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,090 shares of the energy giant’s stock after buying an additional 23,311 shares during the quarter. Profund Advisors LLC’s holdings in Exelon Corporation were worth $3,502,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Hudock Capital Group LLC raised its stake in Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the period. Cambridge Advisors Inc. raised its stake in Exelon Corporation by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after buying an additional 23 shares during the period. Live Your Vision LLC raised its stake in Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares during the period. Chesley Taft & Associates LLC raised its stake in Exelon Corporation by 0.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after buying an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its stake in Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after buying an additional 37 shares during the period. 76.79% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the sale, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders sold a total of 475,285 shares of company stock worth $18,067,297 in the last 90 days. 0.70% of the stock is currently owned by company insiders.
Several analysts recently commented on EXC shares. Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. ValuEngine downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Exelon Corporation in a research note on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Exelon Corporation has a consensus rating of “Buy” and an average target price of $40.17.
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Exelon Corporation (NYSE EXC) traded down 1.29% during mid-day trading on Friday, hitting $37.61. The company’s stock had a trading volume of 15,250,725 shares. The firm has a market cap of $36.11 billion, a price-to-earnings ratio of 19.89 and a beta of 0.28. 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 $38.03 and a 200-day moving average of $36.44.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Exelon Corporation will post $2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were issued a $0.3275 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. Exelon Corporation’s dividend payout ratio is presently 68.59%.
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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