Capital Wealth Planning LLC purchased a new stake in shares of Exelon Corporation (NYSE:EXC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,606 shares of the energy giant’s stock, valued at approximately $166,000.
A number of other large investors also recently added to or reduced their stakes in EXC. BlackRock Inc. grew its holdings in Exelon Corporation by 3,711.9% during the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after purchasing an additional 72,335,239 shares during the period. Franklin Resources Inc. grew its holdings in Exelon Corporation by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after purchasing an additional 4,102,441 shares during the period. CI Global Investments Inc. bought a new stake in Exelon Corporation during the second quarter valued at about $136,723,000. Vanguard Group Inc. grew its holdings in Exelon Corporation by 4.4% during 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 purchasing an additional 2,744,360 shares during the period. Finally, FMR LLC grew its holdings in Exelon Corporation by 4.4% during the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock valued at $1,736,928,000 after purchasing an additional 2,041,157 shares during the period. 76.79% of the stock is owned by institutional investors and hedge funds.
In related news, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction dated Monday, July 31st. The stock was 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 owns 57,243 shares in the company, valued at approximately $2,203,855.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the transaction, the executive vice president now 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. In the last 90 days, insiders sold 475,285 shares of company stock valued at $18,067,297. 0.70% of the stock is owned by company insiders.
Several analysts have issued reports on EXC shares. KeyCorp reissued a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub raised Exelon Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Finally, Morgan Stanley boosted their price target on Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $40.17.
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Exelon Corporation (NYSE EXC) traded down 1.235% during trading on Tuesday, hitting $37.995. The stock had a trading volume of 1,455,557 shares. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The company has a market cap of $36.48 billion, a price-to-earnings ratio of 20.093 and a beta of 0.28. The firm’s 50-day moving average price is $37.97 and its 200-day moving average price is $36.39.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts predict that Exelon Corporation will post $2.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were paid a $0.3275 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.41%. Exelon Corporation’s dividend payout ratio is presently 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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