Mosaic Family Wealth LLC Boosts Stake in Exelon Corporation (EXC)
Mosaic Family Wealth LLC lifted its holdings in Exelon Corporation (NYSE:EXC) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,431 shares of the energy giant’s stock after buying an additional 2,531 shares during the period. Mosaic Family Wealth LLC’s holdings in Exelon Corporation were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of EXC. FMR LLC lifted its stake in shares of Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after buying an additional 5,572,093 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Exelon Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after buying an additional 4,453,759 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Exelon Corporation by 60.2% in the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock worth $393,894,000 after buying an additional 4,102,441 shares in the last quarter. CI Global Investments Inc. purchased a new position in shares of Exelon Corporation in the second quarter worth about $136,723,000. Finally, Teachers Advisors LLC lifted its stake in shares of Exelon Corporation by 118.7% in the second quarter. Teachers Advisors LLC now owns 3,921,206 shares of the energy giant’s stock worth $141,438,000 after buying an additional 2,127,988 shares in the last quarter. 77.28% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have recently weighed in on the stock. Bank of America Corporation assumed coverage on shares of Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Monday, July 17th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) downgraded shares of Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research note on Wednesday, October 11th. Finally, J P Morgan Chase & Co raised their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Exelon Corporation has an average rating of “Buy” and an average price target of $40.43.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total transaction of $510,787.23. Following the transaction, the executive vice president now directly owns 39,769 shares in the company, valued at approximately $1,523,550.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the transaction, the chairman now owns 746,986 shares in the company, valued at $29,969,078.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 984,740 shares of company stock worth $39,390,082. Insiders own 0.70% of the company’s stock.
Shares of Exelon Corporation (EXC) traded down 0.02% during midday trading on Tuesday, hitting $40.23. 932,375 shares of the company’s stock were exchanged. Exelon Corporation has a one year low of $29.82 and a one year high of $40.38. The firm has a market cap of $38.62 billion, a PE ratio of 21.27 and a beta of 0.29. The stock’s 50-day moving average price is $38.47 and its 200 day moving average price is $37.01.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Equities research analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.26%. Exelon Corporation’s payout ratio is currently 68.59%.
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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