Capital International Investors Holds Holdings in Exelon Corporation (EXC)
Capital International Investors maintained its position in shares of Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,875,400 shares of the energy giant’s stock at the end of the second quarter. Capital International Investors owned about 0.72% of Exelon Corporation worth $247,996,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC raised its holdings in Exelon Corporation by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. Cambridge Advisors Inc. lifted its position in Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after purchasing an additional 23 shares during the period. Live Your Vision LLC lifted its position in Exelon Corporation by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after purchasing an additional 26 shares during the period. Chesley Taft & Associates LLC lifted its position in Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after purchasing an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its position 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 purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.
A number of research firms have recently commented on EXC. ValuEngine raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. KeyCorp reaffirmed a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Friday, September 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Finally, BidaskClub lowered Exelon Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.17.
In related news, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the sale, the insider now directly owns 57,243 shares in the company, valued at approximately $2,203,855.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 202,950 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the sale, the chief financial officer now owns 237,181 shares in the company, valued at $9,012,878. The disclosure for this sale can be found here. Insiders have sold a total of 486,952 shares of company stock valued at $18,509,309 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.
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Exelon Corporation (NYSE:EXC) traded down 1.403% on Tuesday, hitting $37.605. 1,204,874 shares of the stock traded hands. The company’s 50 day moving average price is $37.78 and its 200-day moving average price is $36.54. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The stock has a market capitalization of $36.10 billion, a P/E ratio of 19.886 and a beta of 0.29.
Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm 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 firm posted $0.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts predict that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s payout ratio is currently 68.59%.
Exelon Corporation 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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