Sei Investments Co. Boosts Stake in Exelon Corporation (EXC)

Sei Investments Co. boosted its position in shares of Exelon Corporation (NYSE:EXC) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 389,872 shares of the energy giant’s stock after buying an additional 28,261 shares during the period. Sei Investments Co.’s holdings in Exelon Corporation were worth $14,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXC. Cable Hill Partners LLC raised its position in shares of Exelon Corporation by 0.8% in the third quarter. Cable Hill Partners LLC now owns 3,215 shares of the energy giant’s stock worth $103,000 after buying an additional 26 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Exelon Corporation by 21.2% in the fourth quarter. Bessemer Group Inc. now owns 3,030 shares of the energy giant’s stock worth $108,000 after buying an additional 530 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock worth $114,000 after buying an additional 240 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Exelon Corporation during the fourth quarter worth approximately $126,000. Finally, Advisory Services Network LLC bought a new position in shares of Exelon Corporation during the first quarter worth approximately $135,000. Institutional investors own 75.94% of the company’s stock.

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

Shares of Exelon Corporation (NYSE EXC) opened at 37.08 on Friday. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of 17.65 and a beta of 0.26. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $37.70. The firm has a 50-day moving average of $35.43 and a 200 day moving average of $35.45.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 EPS for the quarter, beating the Zacks’ 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 company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same period in the prior year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities research analysts expect that Exelon Corporation will post $2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Monday, May 15th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 11th. Exelon Corporation’s dividend payout ratio is currently 62.09%.

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A number of research analysts have recently commented on EXC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of Exelon Corporation in a research report on Friday, March 17th. Wells Fargo & Company lowered shares of Exelon Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 5th. Barclays PLC reissued an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. BMO Capital Markets reissued a “hold” rating and issued a $37.00 price target on shares of Exelon Corporation in a research report on Thursday, May 4th. Finally, Citigroup Inc. increased their price target on shares of Exelon Corporation from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Exelon Corporation has an average rating of “Hold” and a consensus price target of $38.96.

In related news, Chairman Mayo A. Shattuck III sold 465,892 shares of the 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 transaction, the chairman now directly owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a legal filing 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 that occurred on Thursday, May 11th. The shares were bought at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director now owns 14,374 shares of the company’s stock, valued at $482,535.18. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

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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