Exelon Corporation (EXC) EVP Sells $510,787.23 in Stock
Exelon Corporation (NYSE:EXC) EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the transaction, the executive vice president now directly owns 39,769 shares in the company, valued at $1,523,550.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Paymon Aliabadi also recently made the following trade(s):
- On Monday, June 19th, Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock. The stock was sold at an average price of $37.05, for a total value of $493,987.65.
Exelon Corporation (EXC) traded up 0.79% during midday trading on Monday, hitting $38.47. The stock had a trading volume of 3,289,240 shares. The company has a market cap of $36.93 billion, a P/E ratio of 20.34 and a beta of 0.28. The firm’s 50-day moving average price is $37.97 and its 200 day moving average price is $36.39. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78.
Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, analysts expect that Exelon Corporation will post $2.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, August 11th. Exelon Corporation’s payout ratio is presently 68.59%.
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A number of research firms recently commented on EXC. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $37.50 in a research note on Monday, May 15th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a research note on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.17.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hudock Capital Group LLC lifted its stake in shares of Exelon Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the period. Cambridge Advisors Inc. lifted its stake in shares of Exelon Corporation by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after purchasing an additional 23 shares during the period. Live Your Vision LLC lifted its stake in shares of Exelon Corporation by 0.9% in the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 26 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Exelon Corporation by 0.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after purchasing an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its stake in shares of Exelon Corporation by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the period. Institutional investors own 76.79% of the company’s stock.
Exelon Corporation Company Profile
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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