Knights of Columbus Asset Advisors LLC Acquires 1,250 Shares of Exelon Corporation (EXC)
Knights of Columbus Asset Advisors LLC raised its stake in Exelon Corporation (NYSE:EXC) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,500 shares of the energy giant’s stock after buying an additional 1,250 shares during the period. Exelon Corporation makes up 1.5% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 24th largest position. Knights of Columbus Asset Advisors LLC’s holdings in Exelon Corporation were worth $2,110,000 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 the company. BlackRock Inc. raised its position in Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after buying an additional 72,335,239 shares during the period. Vanguard Group Inc. raised its position in Exelon Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock valued at $2,323,743,000 after buying an additional 2,744,360 shares during the period. State Street Corp raised its position in Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock valued at $2,050,464,000 after buying an additional 1,066,298 shares during the period. FMR LLC raised its position in Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock valued at $1,736,928,000 after buying an additional 2,041,157 shares during the period. Finally, Wellington Management Group LLP raised its position in 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 valued at $858,530,000 after buying an additional 180,098 shares during the period. 72.01% of the stock is owned by hedge funds and other institutional investors.
Exelon Corporation (EXC) traded down 0.10% during mid-day trading on Friday, hitting $38.30. 3,193,260 shares of the stock traded hands. The stock has a market capitalization of $36.77 billion, a PE ratio of 20.25 and a beta of 0.27. The company has a 50 day moving average price of $37.54 and a 200-day moving average price of $36.21. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Equities analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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Several research analysts recently issued reports on EXC shares. BMO Capital Markets reissued 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 shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $37.50 in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Exelon Corporation in a research note on Tuesday, May 30th. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average 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 Exelon Corporation stock in a transaction that occurred 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 transaction, the chairman now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the transaction, the insider now directly owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock worth $34,570,885 over the last three months. 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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