We Are One Seven LLC lifted its holdings in shares of Exelon Co. (NYSE:EXC) by 14.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,710 shares of the energy giant’s stock after acquiring an additional 582 shares during the period. We Are One Seven LLC’s holdings in Exelon were worth $225,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of EXC. City Holding Co. increased its holdings in Exelon by 3.3% in the 2nd quarter. City Holding Co. now owns 15,934 shares of the energy giant’s stock worth $764,000 after purchasing an additional 511 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Exelon by 1.8% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 595,952 shares of the energy giant’s stock worth $28,570,000 after purchasing an additional 10,266 shares in the last quarter. Gradient Investments LLC increased its holdings in Exelon by 37.9% in the 2nd quarter. Gradient Investments LLC now owns 17,427 shares of the energy giant’s stock worth $835,000 after purchasing an additional 4,787 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Exelon by 7.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 66,955 shares of the energy giant’s stock worth $3,210,000 after purchasing an additional 4,731 shares in the last quarter. Finally, Lantz Financial LLC increased its holdings in Exelon by 4.1% in the 2nd quarter. Lantz Financial LLC now owns 10,138 shares of the energy giant’s stock worth $495,000 after purchasing an additional 400 shares in the last quarter. 79.67% of the stock is owned by institutional investors.
In other news, EVP Kenneth W. Cornew sold 54,300 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total value of $2,705,226.00. Following the completion of the sale, the executive vice president now owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the sale, the chief executive officer now directly owns 40,331 shares of the company’s stock, valued at approximately $1,919,352.29. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. As a group, analysts expect that Exelon Co. will post 3.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.363 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.45 annualized dividend and a dividend yield of 3.21%. Exelon’s payout ratio is 46.47%.
A number of equities analysts have issued reports on EXC shares. ValuEngine cut Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. KeyCorp started coverage on Exelon in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Mizuho upped their target price on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Finally, Barclays reaffirmed a “hold” rating and issued a $54.00 target price on shares of Exelon in a report on Wednesday, June 19th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.96.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
Featured Article: What is the Ex-Dividend Date in Investing?
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.