Grove Bank & Trust raised its stake in shares of Exelon Corporation (NYSE:EXC) by 305.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,277 shares of the energy giant’s stock after buying an additional 5,482 shares during the period. Grove Bank & Trust’s holdings in Exelon Corporation were worth $262,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Live Your Vision LLC increased its position 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 during the period. Assetmark Inc. increased its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the period. V Wealth Management LLC acquired a new position in Exelon Corporation during the second quarter valued at $111,000. Hudock Capital Group LLC increased its position in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the period. Finally, Jacobi Capital Management LLC increased its position in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock valued at $122,000 after buying an additional 372 shares during the period. Hedge funds and other institutional investors own 72.01% of the company’s stock.
Exelon Corporation (EXC) traded up 0.64% during midday trading on Tuesday, hitting $37.84. 4,521,508 shares of the company traded hands. The stock has a 50 day moving average price of $37.10 and a 200-day moving average price of $36.07. The company has a market cap of $36.33 billion, a PE ratio of 20.01 and a beta of 0.27. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Analysts expect that Exelon Corporation will post $2.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be paid a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.46%. Exelon Corporation’s payout ratio is 68.59%.
Several equities analysts have weighed in on EXC shares. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research note on Monday, July 17th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a research note on Tuesday, May 30th. Finally, UBS AG raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $37.50 in a research note on Monday, May 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.92.
In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the sale, the chairman now directly owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. In the last three months, 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.
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