ING Groep NV cut its stake in Exelon Corporation (NYSE:EXC) by 85.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC boosted its position in shares of Exelon Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 1,731,710 shares of the energy giant’s stock valued at $61,458,000 after buying an additional 49,671 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Exelon Corporation by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 806,185 shares of the energy giant’s stock valued at $29,007,000 after buying an additional 27,253 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Exelon Corporation by 0.6% in the first quarter. CENTRAL TRUST Co now owns 20,055 shares of the energy giant’s stock valued at $722,000 after buying an additional 114 shares during the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Exelon Corporation by 7.2% in the first quarter. Indiana Trust & Investment Management CO now owns 12,230 shares of the energy giant’s stock valued at $440,000 after buying an additional 825 shares during the last quarter. Finally, Denali Advisors LLC boosted its position in shares of Exelon Corporation by 1,546.1% in the first quarter. Denali Advisors LLC now owns 125,100 shares of the energy giant’s stock valued at $4,501,000 after buying an additional 117,500 shares during the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.60 on Friday. The firm has a market capitalization of $36.10 billion, a price-to-earnings ratio of 19.88 and a beta of 0.27. The firm has a 50-day moving average price of $37.18 and a 200 day moving average price of $36.10. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.
Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders 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 yield of 3.48%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s payout ratio is 68.59%.
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EXC has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $39.50 price objective on shares of Exelon Corporation in a research note on Thursday, April 20th. Barclays PLC restated an “overweight” rating and issued a $43.00 price objective (up from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 target price 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 raised their target price for the stock from $36.00 to $37.50 in a report on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a report on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.92.
In related news, 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 owns 567,649 shares in the company, valued at approximately $20,730,541.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares in the company, 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 worth $34,570,885 in the last quarter. 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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