Accident Compensation Corp Increases Holdings in Exelon Corporation (EXC)
Accident Compensation Corp grew its position in shares of Exelon Corporation (NYSE:EXC) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,317 shares of the energy giant’s stock after buying an additional 6,447 shares during the quarter. Exelon Corporation accounts for 2.3% of Accident Compensation Corp’s investment portfolio, making the stock its 6th largest holding. Accident Compensation Corp’s holdings in Exelon Corporation were worth $8,632,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in shares of Exelon Corporation by 185.4% in the 1st quarter. Acadian Asset Management LLC now owns 9,246 shares of the energy giant’s stock valued at $333,000 after purchasing an additional 6,006 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Exelon Corporation by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 11,107,714 shares of the energy giant’s stock valued at $399,655,000 after purchasing an additional 1,015,273 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Exelon Corporation by 26.0% in the 1st quarter. Suntrust Banks Inc. now owns 169,357 shares of the energy giant’s stock valued at $6,092,000 after purchasing an additional 34,927 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Exelon Corporation by 411.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 810,369 shares of the energy giant’s stock valued at $29,157,000 after purchasing an additional 651,928 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Exelon Corporation by 0.3% in the 1st quarter. Comerica Bank now owns 238,310 shares of the energy giant’s stock valued at $8,302,000 after purchasing an additional 779 shares in the last quarter. Institutional investors own 76.79% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) traded down 1.29% during midday trading on Friday, reaching $37.61. 15,250,725 shares of the company were exchanged. The company has a market capitalization of $36.11 billion, a PE ratio of 19.89 and a beta of 0.28. The firm’s 50 day moving average is $38.03 and its 200-day moving average is $36.44. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78.
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 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 for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Exelon Corporation will post $2.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th were given a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the sale, the executive vice president now owns 53,102 shares in the company, valued at approximately $1,967,429.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denis P. O’brien sold 30,000 shares of the business’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 sale, the insider now owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 475,285 shares of company stock worth $18,067,297. 0.70% of the stock is owned by company insiders.
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A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp reiterated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. Finally, Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Six 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 company’s stock. Exelon Corporation presently has an average 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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