State Street Corp increased its stake in shares of Exelon Corporation (NYSE:EXC) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,988,557 shares of the energy giant’s stock after buying an additional 1,066,298 shares during the period. State Street Corp owned approximately 6.15% of Exelon Corporation worth $2,050,464,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in EXC. Quadrature Capital Ltd bought a new stake in Exelon Corporation during the fourth quarter valued at $12,367,000. Vident Investment Advisory LLC raised its stake in Exelon Corporation by 0.5% in the fourth quarter. Vident Investment Advisory LLC now owns 66,239 shares of the energy giant’s stock valued at $2,351,000 after buying an additional 312 shares in the last quarter. Norges Bank bought a new stake in Exelon Corporation during the fourth quarter valued at $295,370,000. Numeric Investors LLC raised its stake in Exelon Corporation by 2,265.4% in the fourth quarter. Numeric Investors LLC now owns 506,200 shares of the energy giant’s stock valued at $17,965,000 after buying an additional 484,800 shares in the last quarter. Finally, Luminus Management LLC bought a new stake in Exelon Corporation during the fourth quarter valued at $10,572,000. Institutional investors own 74.91% of the company’s stock.
Shares of Exelon Corporation (EXC) traded up 1.08% during trading on Friday, hitting $38.40. The stock had a trading volume of 5,686,790 shares. The firm has a 50-day moving average of $36.65 and a 200 day moving average of $35.84. The company has a market capitalization of $35.56 billion, a P/E ratio of 18.28 and a beta of 0.26. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.44.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, May 3rd. The energy giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.69 billion. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts predict that Exelon Corporation will post $2.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s payout ratio is presently 62.09%.
Several research firms have recently weighed in on EXC. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $43.00 in a research note on Thursday. Deutsche Bank AG restated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Wells Fargo & Company lowered Exelon Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 5th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.64.
In other Exelon Corporation news, Director John W. Rogers, Jr. bought 3,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $33.57 per share, with a total value of $100,710.00. Following the completion of the transaction, the director now directly owns 14,374 shares in the company, valued at approximately $482,535.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the sale, the chief financial officer now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The disclosure for this sale can be found here. Over the last three months, insiders have sold 897,844 shares of company stock valued at $33,415,885. 0.70% of the stock is currently owned by insiders.
Exelon Corporation Company 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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