Boyd Watterson Asset Management LLC OH Reduces Position in Exelon Corporation (NYSE:EXC)

Boyd Watterson Asset Management LLC OH lowered its position in Exelon Corporation (NYSE:EXC) by 38.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,789 shares of the energy giant’s stock after selling 6,668 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Exelon Corporation were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EXC. BlackRock Inc. raised its position in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after buying an additional 72,335,239 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Exelon Corporation by 91.4% in the first quarter. Wells Fargo & Company MN now owns 7,854,768 shares of the energy giant’s stock valued at $282,615,000 after buying an additional 3,749,880 shares during the period. Vanguard Group Inc. raised its position in shares of Exelon Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock valued at $2,323,743,000 after buying an additional 2,744,360 shares during the period. FMR LLC raised its position in shares of Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock valued at $1,736,928,000 after buying an additional 2,041,157 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Exelon Corporation by 107.2% in the first quarter. Canada Pension Plan Investment Board now owns 2,930,063 shares of the energy giant’s stock valued at $105,424,000 after buying an additional 1,515,767 shares during the period. 74.91% of the stock is currently owned by institutional investors.

Shares of Exelon Corporation (NYSE EXC) opened at 36.06 on Monday. Exelon Corporation has a one year low of $29.82 and a one year high of $37.70. The firm has a market capitalization of $33.40 billion, a P/E ratio of 17.16 and a beta of 0.26. The company has a 50-day moving average price of $36.06 and a 200 day moving average price of $35.67.

Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.69 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Exelon Corporation’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts expect that Exelon Corporation will post $2.67 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on EXC. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $37.50 in a research report on Monday, May 15th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Credit Suisse Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a research report on Tuesday, May 30th. ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 target price on shares of Exelon Corporation in a research report on Thursday, May 4th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Exelon Corporation has an average rating of “Hold” and an average target price of $38.86.

In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the completion of the transaction, the chairman now owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. bought 3,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of $33.57 per share, with a total value of $100,710.00. Following the transaction, the director now owns 14,374 shares in the company, valued at $482,535.18. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.

About Exelon Corporation

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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Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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