Lcnb Corp reduced its holdings in Exelon Co. (NYSE:EXC) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,063 shares of the energy giant’s stock after selling 225 shares during the period. Lcnb Corp’s holdings in Exelon were worth $243,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of EXC. Rockefeller Capital Management L.P. boosted its stake in shares of Exelon by 3,771.2% in the first quarter. Rockefeller Capital Management L.P. now owns 30,195 shares of the energy giant’s stock worth $1,514,000 after acquiring an additional 29,415 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Exelon in the second quarter worth approximately $247,000. USS Investment Management Ltd boosted its stake in shares of Exelon by 247.6% in the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock worth $44,020,000 after acquiring an additional 625,681 shares during the last quarter. First National Bank & Trust Co. of Newtown boosted its stake in shares of Exelon by 7.9% in the second quarter. First National Bank & Trust Co. of Newtown now owns 11,890 shares of the energy giant’s stock worth $570,000 after acquiring an additional 870 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Exelon by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,156,262 shares of the energy giant’s stock worth $208,353,000 after acquiring an additional 70,124 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of Exelon stock in a transaction on Friday, June 28th. The stock was sold at an average price of $47.59, for a total value of $1,475,290.00. Following the sale, the chief executive officer now owns 40,331 shares in the company, valued at $1,919,352.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of Exelon stock in a transaction on Tuesday, June 18th. The shares were 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 in the company, valued at approximately $4,873,043.66. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.
NYSE EXC traded down $0.84 on Wednesday, reaching $44.68. 222,049 shares of the company were exchanged, compared to its average volume of 5,401,410. The firm has a fifty day simple moving average of $47.14. The company has a market cap of $43.92 billion, a PE ratio of 14.38, a P/E/G ratio of 3.77 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon Co. has a fifty-two week low of $42.19 and a fifty-two week high of $51.18.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. Research analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 14th. Exelon’s dividend payout ratio (DPR) is currently 46.47%.
A number of analysts have recently issued reports on the company. Mizuho lifted their price target on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Morgan Stanley lifted their price target on Exelon from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, June 14th. KeyCorp assumed coverage on Exelon in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.82.
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.
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