LLBH Private Wealth Management LLC held its position in shares of Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,978 shares of the energy giant’s stock at the end of the second quarter. LLBH Private Wealth Management LLC’s holdings in Exelon Corporation were worth $252,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Cambridge Advisors Inc. increased 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 period. 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. Guardian Life Insurance Co. of America boosted its stake in Exelon Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 3,579 shares of the energy giant’s stock valued at $129,000 after buying an additional 42 shares in the last quarter. Finally, Security National Trust Co. boosted its stake in Exelon Corporation by 0.6% in the first quarter. Security National Trust Co. now owns 15,187 shares of the energy giant’s stock valued at $547,000 after buying an additional 85 shares in the last quarter. Institutional investors own 72.01% of the company’s stock.
Exelon Corporation (NYSE EXC) opened at 37.60 on Tuesday. The firm’s 50-day moving average price is $37.08 and its 200 day moving average price is $36.05. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The stock has a market cap of $36.10 billion, a P/E ratio of 19.88 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts predict that Exelon Corporation will post $2.69 earnings per share for the current 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 given a dividend of $0.3275 per share. The ex-dividend date is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
Several research firms have recently commented on EXC. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a report on Monday, July 17th. Finally, Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Exelon Corporation has a consensus rating of “Buy” and an average price target of $39.92.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the sale, the executive vice president now owns 53,102 shares in the company, valued at approximately $1,967,429.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the stock in a transaction 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 sale, the insider now 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. Insiders have sold a total of 927,844 shares of company stock valued at $34,570,885 in 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.
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).
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.
