Midas Management Corp maintained its position in Exelon Corp. (NYSE:EXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,500 shares of the energy giant’s stock at the end of the second quarter. Exelon Corp. makes up about 1.1% of Midas Management Corp’s holdings, making the stock its 20th largest position. Midas Management Corp’s holdings in Exelon Corp. were worth $1,873,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Edgar Lomax Co. VA increased its position in Exelon Corp. by 2.0% in the first quarter. Edgar Lomax Co. VA now owns 2,154,139 shares of the energy giant’s stock valued at $77,247,000 after buying an additional 42,600 shares in the last quarter. Teilinger Capital Ltd. purchased a new position in Exelon Corp. during the second quarter valued at approximately $13,350,000. AMP Capital Investors Ltd increased its position in Exelon Corp. by 62.6% in the first quarter. AMP Capital Investors Ltd now owns 806,295 shares of the energy giant’s stock valued at $28,565,000 after buying an additional 310,302 shares in the last quarter. Legal & General Group Plc increased its position in Exelon Corp. by 5.4% in the first quarter. Legal & General Group Plc now owns 4,800,678 shares of the energy giant’s stock valued at $172,144,000 after buying an additional 246,505 shares in the last quarter. Finally, Energy Income Partners LLC increased its position in Exelon Corp. by 24.2% in the first quarter. Energy Income Partners LLC now owns 1,495,147 shares of the energy giant’s stock valued at $53,616,000 after buying an additional 291,353 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Shares of Exelon Corp. (NYSE:EXC) traded down 0.46% on Friday, hitting $32.70. The company had a trading volume of 4,521,006 shares. The stock has a market capitalization of $30.18 billion, a PE ratio of 21.89 and a beta of 0.25. The firm’s 50 day moving average price is $33.61 and its 200-day moving average price is $34.80. Exelon Corp. has a 52 week low of $25.09 and a 52 week high of $37.70.
Exelon Corp. (NYSE:EXC) last released its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business earned $6.90 billion during the quarter, compared to analyst estimates of $7.30 billion. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. Exelon Corp.’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. Analysts forecast that Exelon Corp. will post $2.55 earnings per share for the current fiscal year.
Several equities analysts have commented on EXC shares. Barclays PLC dropped their target price on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Jefferies Group reiterated a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of Exelon Corp. in a research report on Monday. Citigroup Inc. raised their price objective on Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. Zacks Investment Research downgraded Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Deutsche Bank AG raised their price objective on Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.33.
In other Exelon Corp. news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).