Teilinger Capital Ltd. acquired a new stake in Exelon Corp. (NYSE:EXC) during the second quarter, Holdings Channel reports. The fund acquired 367,150 shares of the energy giant’s stock, valued at approximately $13,350,000. Exelon Corp. makes up approximately 84.5% of Teilinger Capital Ltd.’s holdings, making the stock its largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. JPMorgan Chase & Co. raised its stake in Exelon Corp. by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 881,523 shares of the energy giant’s stock valued at $31,610,000 after buying an additional 48,137 shares during the last quarter. Nikko Asset Management Americas Inc. bought a new stake in Exelon Corp. during the first quarter valued at about $315,000. Peapack Gladstone Financial Corp raised its stake in Exelon Corp. by 0.7% in the first quarter. Peapack Gladstone Financial Corp now owns 8,261 shares of the energy giant’s stock valued at $296,000 after buying an additional 55 shares during the last quarter. Sentry Investment Management LLC raised its stake in Exelon Corp. by 5.1% in the first quarter. Sentry Investment Management LLC now owns 71,720 shares of the energy giant’s stock valued at $2,572,000 after buying an additional 3,450 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in Exelon Corp. by 7.9% in the first quarter. BlackRock Japan Co. Ltd now owns 1,236,941 shares of the energy giant’s stock valued at $44,357,000 after buying an additional 90,602 shares during the last quarter. 74.90% of the stock is owned by institutional investors.
Shares of Exelon Corp. (NYSE:EXC) remained flat at $33.29 during midday trading on Friday. 5,529,784 shares of the company’s stock traded hands. The firm has a market cap of $30.72 billion, a price-to-earnings ratio of 22.28 and a beta of 0.24. The company’s 50-day moving average is $34.23 and its 200 day moving average is $34.97. Exelon Corp. has a 12-month low of $25.09 and a 12-month high of $37.70.
Exelon Corp. (NYSE:EXC) last announced its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that Exelon Corp. will post $2.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 15th were issued a $0.318 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.82%. Exelon Corp.’s dividend payout ratio (DPR) is presently 84.67%.
EXC has been the topic of several analyst reports. Zacks Investment Research lowered Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Citigroup Inc. upped their target price on Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, July 20th. Deutsche Bank AG upgraded Exelon Corp. from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $39.00 in a research note on Friday, July 22nd. Bank of America Corp. restated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corp. in a research note on Thursday, August 11th. Finally, Morgan Stanley set a $38.00 price objective on Exelon Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Exelon Corp. has an average rating of “Hold” and an average price target of $36.23.
In related news, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $36.47, for a total value of $1,094,100.00. Following the sale, the chief executive officer now owns 32,844 shares of the company’s stock, valued at approximately $1,197,820.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the sale, the chief executive officer now directly owns 18,109 shares in the company, valued at approximately $633,815. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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