Exelon Corporation (NYSE:EXC) insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Exelon Corporation (NYSE:EXC) traded up 1.04% on Friday, hitting $37.99. The company’s stock had a trading volume of 3,853,849 shares. The firm has a market cap of $36.47 billion, a price-to-earnings ratio of 20.09 and a beta of 0.27. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78. The firm has a 50 day moving average of $37.24 and a 200 day moving average of $36.12.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. Equities research analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be given a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.45%. Exelon Corporation’s dividend payout ratio (DPR) is currently 68.59%.
EXC has been the subject of a number of recent research reports. Barclays PLC reissued an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reissued 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 raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $37.50 in a research note on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Finally, ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Exelon Corporation currently has an average rating of “Buy” and an average target price of $39.92.
Several hedge funds and other institutional investors have recently modified their holdings of EXC. BlackRock Inc. increased its position in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after buying an additional 72,335,239 shares during the period. Vanguard Group Inc. increased its position in shares of Exelon Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after buying an additional 4,453,759 shares during the period. State Street Corp increased its position in shares of Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock worth $2,050,464,000 after buying an additional 1,066,298 shares during the period. FMR LLC increased its position in shares of Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after buying an additional 5,572,093 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Exelon Corporation by 0.8% in the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock worth $858,530,000 after buying an additional 180,098 shares during the period. Institutional investors and hedge funds own 72.01% 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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