Exelon Corporation (EXC) Shares Sold by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lowered its position in Exelon Corporation (NYSE:EXC) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,214 shares of the energy giant’s stock after selling 5,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Exelon Corporation were worth $3,687,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Live Your Vision LLC increased its holdings 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 worth $106,000 after buying an additional 27 shares during the last quarter. Sandy Spring Bank increased its holdings in Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares during the last quarter. V Wealth Management LLC acquired a new position in Exelon Corporation in the second quarter worth approximately $111,000. Sterling Investment Advisors Ltd. increased its holdings in Exelon Corporation by 1.2% in the second 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 last quarter. Finally, Hudock Capital Group LLC increased its holdings in Exelon Corporation by 0.4% in the second 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 last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Barclays PLC restated an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. ValuEngine downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Deutsche Bank AG restated a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. Finally, Morgan Stanley increased their price objective on Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. 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. The company presently has an average rating of “Buy” and a consensus price target of $40.17.
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In other news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 486,952 shares of company stock worth $18,509,309. Company insiders own 0.70% of the company’s stock.
Exelon Corporation (NYSE:EXC) opened at 37.67 on Friday. The firm’s 50-day moving average price is $37.97 and its 200 day moving average price is $36.45. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78. The firm has a market cap of $36.17 billion, a P/E ratio of 19.92 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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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