Stoneridge Investment Partners LLC reduced its stake in Exelon Corporation (NYSE:EXC) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,307 shares of the energy giant’s stock after selling 270 shares during the period. Exelon Corporation makes up 1.5% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 10th largest position. Stoneridge Investment Partners LLC’s holdings in Exelon Corporation were worth $9,786,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Cambridge Advisors Inc. raised its position in 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 raised 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. Chesley Taft & Associates LLC raised its position 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 during the period. Guardian Life Insurance Co. of America raised 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 during the last quarter. Finally, Gradient Investments LLC raised its stake in Exelon Corporation by 0.7% in the first quarter. Gradient Investments LLC now owns 10,009 shares of the energy giant’s stock valued at $360,000 after buying an additional 72 shares during the last quarter. 72.01% of the stock is owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (EXC) traded up 1.04% during trading on Friday, reaching $37.99. 3,853,849 shares of the company’s stock were exchanged. 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 PE ratio of 20.09 and a beta of 0.27. The stock’s 50 day moving average price is $37.24 and its 200-day moving average price is $36.12.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Zacks’ 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 company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, 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. Stockholders of record on Tuesday, August 15th will be paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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Several research firms have recently weighed in on EXC. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. BidaskClub raised 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 objective for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. Finally, ValuEngine lowered shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Exelon Corporation presently has a consensus rating of “Buy” and a consensus target price of $39.92.
In other news, insider Denis P. O’brien sold 30,000 shares of the company’s 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 directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’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 completion of the sale, the chairman now directly owns 567,649 shares in the company, valued at $20,730,541.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 927,844 shares of company stock worth $34,570,885. 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.
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