Exelon Corporation (EXC) Stake Maintained by Dreman Value Management L L C
Dreman Value Management L L C held its position in shares of Exelon Corporation (NYSE:EXC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,679 shares of the energy giant’s stock at the close of the second quarter. Exelon Corporation comprises approximately 0.9% of Dreman Value Management L L C’s portfolio, making the stock its 24th biggest position. Dreman Value Management L L C’s holdings in Exelon Corporation were worth $1,536,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in EXC. Live Your Vision LLC grew its stake in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after acquiring an additional 27 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after acquiring an additional 271 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Exelon Corporation in the second quarter valued at about $111,000. Sterling Investment Advisors Ltd. grew its stake in shares of Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after acquiring an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC grew its stake in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
Several research firms recently commented on EXC. SunTrust Banks, Inc. restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday. J P Morgan Chase & Co upped their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) downgraded shares of Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research note on Wednesday. Zacks Investment Research downgraded shares of Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $40.23.
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, beating 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 the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. Exelon Corporation’s revenue was up 10.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is 68.59%.
In other Exelon Corporation news, EVP Jonathan W. Thayer sold 215,669 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the transaction, the executive vice president now owns 237,181 shares of the company’s stock, valued at $9,012,878. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last three months, insiders sold 486,952 shares of company stock worth $18,509,309. 0.70% of the stock is owned by corporate insiders.
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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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