Toronto Dominion Bank decreased its holdings in shares of Exelon Co. (NYSE:EXC) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 604,678 shares of the energy giant’s stock after selling 58,614 shares during the quarter. Toronto Dominion Bank owned 0.06% of Exelon worth $28,980,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Centersquare Investment Management LLC bought a new position in shares of Exelon during the 1st quarter worth approximately $26,000. Quantamental Technologies LLC purchased a new position in Exelon in the 2nd quarter worth approximately $29,000. Manchester Financial Inc. purchased a new position in Exelon in the 2nd quarter worth approximately $30,000. Resources Investment Advisors LLC. increased its stake in shares of Exelon by 167.5% during the second quarter. Resources Investment Advisors LLC. now owns 634 shares of the energy giant’s stock valued at $30,000 after buying an additional 397 shares during the period. Finally, Weaver Consulting Group purchased a new position in shares of Exelon during the first quarter valued at approximately $31,000. 79.07% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on EXC shares. KeyCorp assumed coverage on Exelon in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and upped their price target for the company from $48.00 to $52.00 in a report on Thursday, June 6th. UBS Group upped their price target on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 6th. ValuEngine downgraded Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Barclays raised Exelon from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $54.00 to $52.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.82.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Equities analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Wednesday, August 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
In other news, EVP Kenneth W. Cornew sold 54,300 shares of the company’s 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 transaction, the executive vice president now owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 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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