Northwestern Mutual Wealth Management Co. increased its stake in shares of Exelon Corporation (NYSE:EXC) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,510 shares of the energy giant’s stock after purchasing an additional 1,063 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Exelon Corporation were worth $2,580,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in EXC. Live Your Vision LLC increased its position in Exelon Corporation by 0.9% during the 1st quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after purchasing an additional 27 shares in the last quarter. Assetmark Inc. increased its position in Exelon Corporation by 703.5% during the 1st quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after purchasing an additional 2,610 shares in the last quarter. V Wealth Management LLC acquired a new position in Exelon Corporation during the 2nd quarter worth approximately $111,000. Sterling Investment Advisors Ltd. increased its position in Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC increased its position in Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 76.79% of the company’s stock.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan W. Thayer sold 215,669 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the transaction, the executive vice president now directly owns 237,181 shares in the company, valued at $9,012,878. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 461,952 shares of company stock worth $17,556,510. 0.70% of the stock is owned by insiders.
Exelon Corporation (EXC) traded up 0.60% during midday trading on Monday, hitting $38.40. 696,424 shares of the stock were exchanged. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The company’s 50 day moving average is $37.97 and its 200-day moving average is $36.38. The stock has a market cap of $36.87 billion, a PE ratio of 20.31 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect that Exelon Corporation will post $2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Friday, August 11th. Exelon Corporation’s payout ratio is 68.59%.
A number of research firms recently issued reports on EXC. Barclays PLC reiterated an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley upped their price objective on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday. KeyCorp reiterated a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Friday, September 1st. Finally, Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.17.
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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