Tompkins Financial Corp decreased its position in shares of Exelon Corp. (NYSE:EXC) by 0.8% during the third quarter, Holdings Channel reports. The fund owned 92,850 shares of the energy giant’s stock after selling 734 shares during the period. Exelon Corp. accounts for 0.9% of Tompkins Financial Corp’s investment portfolio, making the stock its 24th largest position. Tompkins Financial Corp’s holdings in Exelon Corp. were worth $3,091,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its position in Exelon Corp. by 6.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,222,321 shares of the energy giant’s stock worth $626,203,000 after buying an additional 1,070,084 shares in the last quarter. BlackRock Fund Advisors boosted its position in Exelon Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 15,611,169 shares of the energy giant’s stock worth $567,622,000 after buying an additional 777,966 shares in the last quarter. BlackRock Advisors LLC boosted its position in Exelon Corp. by 9.7% in the second quarter. BlackRock Advisors LLC now owns 10,455,121 shares of the energy giant’s stock worth $380,148,000 after buying an additional 924,568 shares in the last quarter. BlackRock Group LTD boosted its position in Exelon Corp. by 2.6% in the second quarter. BlackRock Group LTD now owns 8,845,979 shares of the energy giant’s stock worth $321,639,000 after buying an additional 223,970 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Exelon Corp. by 0.5% in the second quarter. Prudential Financial Inc. now owns 5,502,304 shares of the energy giant’s stock worth $200,063,000 after buying an additional 25,451 shares in the last quarter. 73.92% of the stock is owned by institutional investors.
Exelon Corp. (NYSE:EXC) traded up 2.49% during trading on Monday, hitting $33.39. The stock had a trading volume of 6,831,106 shares. Exelon Corp. has a one year low of $25.09 and a one year high of $37.70. The firm has a market capitalization of $30.83 billion, a P/E ratio of 25.03 and a beta of 0.21. The stock has a 50 day moving average of $32.51 and a 200 day moving average of $34.26.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings data on Wednesday, October 26th. The energy giant reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. Exelon Corp. had a return on equity of 8.81% and a net margin of 3.88%. The business earned $8.84 billion during the quarter, compared to the consensus estimate of $7.97 billion. During the same period in the prior year, the company earned $0.83 EPS. Exelon Corp.’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities research analysts expect that Exelon Corp. will post $2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 15th will be given a dividend of $0.318 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.27 annualized dividend and a dividend yield of 3.81%. Exelon Corp.’s dividend payout ratio is currently 94.78%.
A number of research analysts recently issued reports on the company. Morgan Stanley raised Exelon Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $37.00 in a report on Friday, November 18th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “buy” rating and issued a $37.00 price target (up from $36.00) on shares of Exelon Corp. in a report on Friday, October 28th. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 price objective on shares of Exelon Corp. in a research report on Friday, October 21st. Barclays PLC lowered their price objective 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. Finally, JPMorgan Chase & Co. lowered their price objective on Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.92.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 18,109 shares in the company, valued at approximately $633,815. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.80% of the company’s stock.
Exelon Corp. Company Profile
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).