Cambridge Advisors Inc. boosted its position in Exelon Corporation (NYSE:EXC) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,913 shares of the energy giant’s stock after buying an additional 23 shares during the period. Cambridge Advisors Inc.’s holdings in Exelon Corporation were worth $249,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. raised 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. Cornerstone Investment Partners LLC raised its position in shares of Exelon Corporation by 0.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,801 shares of the energy giant’s stock valued at $353,000 after buying an additional 36 shares during the last quarter. CT Financial Advisors LLC raised its position in shares of Exelon Corporation by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock valued at $149,000 after buying an additional 12 shares during the last quarter. Denali Advisors LLC raised 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. Finally, Indiana Trust & Investment Management CO raised 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. 74.91% of the stock is currently owned by institutional investors.
Exelon Corporation (NYSE:EXC) opened at 37.68 on Thursday. The firm has a 50-day moving average of $36.55 and a 200-day moving average of $35.80. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $37.71. The stock has a market cap of $34.90 billion, a PE ratio of 17.93 and a beta of 0.26.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Equities analysts predict that Exelon Corporation will post $2.67 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be paid 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 3.48%. Exelon Corporation’s dividend payout ratio (DPR) is presently 62.09%.
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Several equities analysts recently issued reports on the stock. UBS AG raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $37.50 in a report on Monday, May 15th. Credit Suisse Group restated a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.07.
In related news, Director John W. Rogers, Jr. purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average price of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director now owns 14,374 shares in the company, valued at $482,535.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation 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 of the company’s stock, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
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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