ING Groep NV cut its stake in Exelon Corporation (NYSE:EXC) by 85.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,599 shares of the energy giant’s stock after selling 389,419 shares during the period. ING Groep NV’s holdings in Exelon Corporation were worth $2,366,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. CT Financial Advisors LLC boosted its position in shares of Exelon Corporation by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock valued at $149,000 after buying an additional 12 shares in the last quarter. Cambridge Advisors Inc. boosted its position in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after buying an additional 23 shares during the last quarter. Live Your Vision LLC boosted its stake in Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after buying an additional 27 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after buying an additional 35 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its stake in Exelon Corporation by 0.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,801 shares of the energy giant’s stock valued at $353,000 after buying an additional 36 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.
Shares of Exelon Corporation (NYSE EXC) traded down 1.33% during mid-day trading on Wednesday, hitting $37.70. The stock had a trading volume of 5,622,888 shares. The firm has a market capitalization of $34.91 billion, a PE ratio of 19.76 and a beta of 0.27. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The stock’s 50-day moving average is $36.90 and its 200-day moving average is $35.95.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping 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 return on equity of 8.47% and a net margin of 5.41%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s payout ratio is presently 68.59%.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/09/ing-groep-nv-has-2-37-million-stake-in-exelon-corporation-nyseexc-updated.html.
A number of analysts have issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $39.50 target price on shares of Exelon Corporation in a research note on Thursday, April 20th. Barclays PLC reiterated an “overweight” rating and issued a $43.00 target price (up from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $37.00 target price on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $37.50 in a research note on Monday, May 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a research report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Exelon Corporation currently has a consensus rating of “Buy” and an average price target of $39.71.
In other Exelon Corporation news, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the sale, the chief financial officer now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction on 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 completion of the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 927,844 shares of company stock valued at $34,570,885. 0.70% of the stock is currently owned by company 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.
Receive News & Ratings for Exelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
