Exelon Corporation (EXC) Holdings Trimmed by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc cut its holdings in shares of Exelon Corporation (NYSE:EXC) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,246 shares of the energy giant’s stock after selling 8,814 shares during the period. Commonwealth Equity Services Inc’s holdings in Exelon Corporation were worth $8,485,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of EXC. Sentinel Trust Co. LBA lifted its holdings in Exelon Corporation by 24.1% during the second quarter. Sentinel Trust Co. LBA now owns 123,462 shares of the energy giant’s stock worth $4,453,000 after acquiring an additional 24,012 shares in the last quarter. Viking Fund Management LLC bought a new position in Exelon Corporation during the second quarter worth about $577,000. Gradient Investments LLC lifted its holdings in Exelon Corporation by 1,926.0% during the second quarter. Gradient Investments LLC now owns 202,780 shares of the energy giant’s stock worth $7,314,000 after acquiring an additional 192,771 shares in the last quarter. Bollard Group LLC lifted its holdings in Exelon Corporation by 0.9% during the second quarter. Bollard Group LLC now owns 30,657 shares of the energy giant’s stock worth $1,106,000 after acquiring an additional 262 shares in the last quarter. Finally, BB&T Corp lifted its holdings in Exelon Corporation by 10.0% during the second quarter. BB&T Corp now owns 148,354 shares of the energy giant’s stock worth $5,351,000 after acquiring an additional 13,512 shares in the last quarter. Hedge funds and other institutional investors own 77.37% of the company’s stock.
Exelon Corporation (NYSE:EXC) traded up $0.02 during trading hours on Friday, hitting $41.26. The company had a trading volume of 4,720,291 shares, compared to its average volume of 4,879,990. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $39,630.00, a P/E ratio of 17.09, a P/E/G ratio of 3.69 and a beta of 0.31. Exelon Corporation has a twelve month low of $31.55 and a twelve month high of $42.67.
Exelon Corporation (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. Exelon Corporation’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. research analysts anticipate that Exelon Corporation will post 2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is presently 58.74%.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the transaction, the executive vice president now owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the transaction, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,312,787 shares of company stock worth $52,683,909. Company insiders own 0.70% of the company’s stock.
Several analysts have issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Exelon Corporation in a research note on Tuesday, November 7th. Zacks Investment Research raised Exelon Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Bank of America Corporation assumed coverage on Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co lifted their price target on Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.64.
Exelon Corporation 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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