Alliancebernstein L.P. trimmed its holdings in shares of Exelon Corporation (NYSE:EXC) by 17.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,149,640 shares of the energy giant’s stock after selling 657,781 shares during the period. Alliancebernstein L.P. owned 0.33% of Exelon Corporation worth $113,608,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Exelon Corporation by 3,711.9% in the 1st quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after acquiring an additional 72,335,239 shares during the period. Heartland Advisors Inc. increased its holdings in shares of Exelon Corporation by 3.9% in the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after acquiring an additional 13,982 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Exelon Corporation by 4.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,402,806 shares of the energy giant’s stock worth $86,669,000 after acquiring an additional 98,244 shares during the period. Gradient Investments LLC increased its holdings in shares of Exelon Corporation by 1,926.0% in the 2nd quarter. Gradient Investments LLC now owns 202,780 shares of the energy giant’s stock worth $7,314,000 after acquiring an additional 192,771 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Exelon Corporation by 6.5% in the 1st quarter. Victory Capital Management Inc. now owns 186,362 shares of the energy giant’s stock worth $6,705,000 after acquiring an additional 11,333 shares during the period. 76.79% of the stock is currently owned by institutional investors.
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A number of analysts recently weighed in on EXC shares. KeyCorp reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub raised shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Finally, Morgan Stanley increased their price objective on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Exelon Corporation has a consensus rating of “Buy” and an average target price of $40.17.
In other Exelon Corporation news, 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the business’s 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 sale, the insider now directly owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders sold 461,952 shares of company stock valued at $17,556,510 over the last ninety days. 0.70% of the stock is currently owned by company insiders.
Exelon Corporation (NYSE:EXC) opened at 38.09 on Monday. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78. The company has a market cap of $36.57 billion, a price-to-earnings ratio of 20.14 and a beta of 0.28. The company has a 50-day moving average of $37.96 and a 200-day moving average of $36.38.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’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 year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were issued a $0.3275 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.43%. Exelon Corporation’s dividend payout ratio is 68.59%.
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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