Exelon Corporation (EXC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of Exelon Corporation (NYSE:EXC) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,561 shares of the energy giant’s stock after selling 2,670 shares during the quarter. HighTower Advisors LLC’s holdings in Exelon Corporation were worth $1,604,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Live Your Vision LLC increased its position in Exelon Corporation by 0.9% during the 1st quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after purchasing an additional 27 shares during the period. Sandy Spring Bank increased its position in Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the period. V Wealth Management LLC purchased a new position in Exelon Corporation during the 2nd quarter valued at $111,000. Sterling Investment Advisors Ltd. increased its position in Exelon Corporation by 1.2% during 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. Finally, Hudock Capital Group LLC increased its position in Exelon Corporation by 0.4% during 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. 76.78% of the stock is currently owned by institutional investors and hedge funds.

Exelon Corporation (NYSE EXC) opened at 38.04 on Tuesday. The company has a market cap of $36.52 billion, a PE ratio of 20.12 and a beta of 0.29. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company has a 50-day moving average of $37.82 and a 200-day moving average of $36.62.

Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Exelon Corporation will post $2.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.44%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.

EXC has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. BidaskClub raised shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, Barclays PLC reissued an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.18.

In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the transaction, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders sold 486,952 shares of company stock worth $18,509,309 in the last quarter. 0.70% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/10/exelon-corporation-exc-shares-sold-by-hightower-advisors-llc.html.

About Exe

Other institutional investors also recently modified their holdings of the company. Live Your Vision LLC increased its position in Exelon Corporation by 0.9% during the 1st quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after purchasing an additional 27 shares during the period. Sandy Spring Bank increased its position in Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the period. V Wealth Management LLC purchased a new position in Exelon Corporation during the 2nd quarter valued at $111,000. Sterling Investment Advisors Ltd. increased its position in Exelon Corporation by 1.2% during 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. Finally, Hudock Capital Group LLC increased its position in Exelon Corporation by 0.4% during 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. 76.78% of the stock is currently owned by institutional investors and hedge funds.

Exelon Corporation (NYSE EXC) opened at 38.04 on Tuesday. The company has a market cap of $36.52 billion, a PE ratio of 20.12 and a beta of 0.29. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company has a 50-day moving average of $37.82 and a 200-day moving average of $36.62.

Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Exelon Corporation will post $2.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.44%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.

EXC has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. BidaskClub raised shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, Barclays PLC reissued an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.18.

In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the transaction, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders sold 486,952 shares of company stock worth $18,509,309 in the last quarter. 0.70% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/10/exelon-corporation-exc-shares-sold-by-hightower-advisors-llc.html.

About Exelon Corporation

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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Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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