TD Asset Management Inc. decreased its position in shares of Exelon Corporation (NYSE:EXC) by 19.3% during the second quarter, Holdings Channel reports. The institutional investor owned 784,479 shares of the energy giant’s stock after selling 187,863 shares during the period. TD Asset Management Inc.’s holdings in Exelon Corporation were worth $28,296,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in EXC. Chesley Taft & Associates LLC raised its stake in shares of Exelon Corporation by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock worth $212,000 after buying an additional 37 shares in the last quarter. National Pension Service raised its stake in shares of Exelon Corporation by 4.8% in the first quarter. National Pension Service now owns 720,059 shares of the energy giant’s stock worth $25,706,000 after buying an additional 32,912 shares in the last quarter. Pennsylvania Trust Co raised its stake in shares of Exelon Corporation by 0.8% in the first quarter. Pennsylvania Trust Co now owns 20,950 shares of the energy giant’s stock worth $754,000 after buying an additional 160 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Exelon Corporation by 27.7% in the first quarter. Bank of Montreal Can now owns 2,491,792 shares of the energy giant’s stock worth $89,654,000 after buying an additional 540,266 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Exelon Corporation by 0.7% in the first quarter. Gradient Investments LLC now owns 10,009 shares of the energy giant’s stock worth $360,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.74 on Friday. The stock has a 50 day moving average price of $37.03 and a 200 day moving average price of $36.01. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 19.96 and a beta of 0.27. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data 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 net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a yield of 3.47%. Exelon Corporation’s payout ratio is 68.59%.
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A number of equities research analysts have weighed in on EXC shares. Jefferies Group LLC reiterated a “buy” rating and set a $39.50 target price on shares of Exelon Corporation in a research note on Thursday, April 20th. Barclays PLC reiterated an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reiterated a “hold” rating and set a $37.00 target price on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $37.50 in a research note on Monday, May 15th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.71.
In other news, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the sale, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock valued at $34,570,885 in the last ninety days. 0.70% of the stock is owned by corporate 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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