Retirement Systems of Alabama Boosts Position in Exelon Corporation (NYSE:EXC)

Retirement Systems of Alabama boosted its position in shares of Exelon Corporation (NYSE:EXC) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,022 shares of the energy giant’s stock after buying an additional 1,124 shares during the period. Retirement Systems of Alabama’s holdings in Exelon Corporation were worth $16,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co increased 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 worth $722,000 after buying an additional 114 shares during the period. Raymond James Trust N.A. increased its position in shares of Exelon Corporation by 2.7% in the first quarter. Raymond James Trust N.A. now owns 28,530 shares of the energy giant’s stock worth $1,027,000 after buying an additional 761 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Exelon Corporation by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 5,880 shares of the energy giant’s stock worth $212,000 after buying an additional 37 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Exelon Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 284,127 shares of the energy giant’s stock worth $10,222,000 after buying an additional 3,850 shares during the period. Finally, National Pension Service increased its position in shares of Exelon Corporation by 4.8% in the first quarter. National Pension Service now owns 720,059 shares of the energy giant’s stock worth $25,706,000 after buying an additional 32,912 shares during the period. Hedge funds and other institutional investors own 72.01% of the company’s stock.

Exelon Corporation (NYSE:EXC) traded up 1.04% during trading on Friday, reaching $37.99. The company’s stock had a trading volume of 3,853,849 shares. The firm’s 50-day moving average is $37.24 and its 200-day moving average is $36.12. 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 $36.47 billion, a P/E ratio of 20.09 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 the consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that Exelon Corporation will post $2.69 EPS for the current 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 dividend of $0.3275 per share. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a yield of 3.45%. Exelon Corporation’s dividend payout ratio is currently 68.59%.

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A number of research analysts have commented on EXC shares. Jefferies Group LLC restated 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 reaffirmed an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 price target on shares of Exelon Corporation in a research report on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $37.50 in a research report on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a research report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.92.

In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the sale, the chairman now owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the sale, the chief financial officer now directly owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 927,844 shares of company stock valued at $34,570,885. Company insiders own 0.70% of the company’s stock.

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.

Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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