Bessemer Group Inc. increased its position in Exelon Corporation (NYSE:EXC) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,623 shares of the energy giant’s stock after buying an additional 16,154 shares during the period. Bessemer Group Inc.’s holdings in Exelon Corporation were worth $3,089,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its position in Exelon Corporation by 0.6% in the first quarter. CENTRAL TRUST Co now owns 20,055 shares of the energy giant’s stock worth $722,000 after buying an additional 114 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Exelon Corporation by 2.7% in the first quarter. Raymond James Trust N.A. now owns 28,530 shares of the energy giant’s stock worth $1,027,000 after buying an additional 761 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Exelon Corporation by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock worth $212,000 after buying an additional 37 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Exelon Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 284,127 shares of the energy giant’s stock worth $10,222,000 after buying an additional 3,850 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Exelon Corporation by 4.8% in the first quarter. National Pension Service now owns 720,059 shares of the energy giant’s stock worth $25,706,000 after buying an additional 32,912 shares in the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE EXC) opened at 38.22 on Tuesday. The firm has a market capitalization of $35.40 billion, a P/E ratio of 20.03 and a beta of 0.27. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The stock’s 50 day moving average is $36.76 and its 200-day moving average is $35.90.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. On average, equities analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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EXC has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.50 price objective on shares of Exelon Corporation in a report on Thursday, April 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Exelon Corporation in a report on Sunday, April 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a report on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $37.50 in a report on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Exelon Corporation in a report on Tuesday, May 30th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Exelon Corporation currently has an average rating of “Buy” and a consensus target price of $39.71.
In other news, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were 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 directly owns 57,243 shares in the company, valued at $2,203,855.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $33.57 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director now directly owns 14,374 shares of the company’s stock, valued at $482,535.18. The disclosure for this purchase can be found here. Insiders sold 927,844 shares of company stock valued at $34,570,885 over the last quarter. 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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