Pictet Asset Management Ltd. lessened its stake in shares of Exelon Corporation (NYSE:EXC) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,165,993 shares of the energy giant’s stock after selling 376,006 shares during the period. Pictet Asset Management Ltd. owned 0.54% of Exelon Corporation worth $194,603,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sandy Spring Bank raised its position in shares of 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 buying an additional 271 shares in the last quarter. Live Your Vision LLC raised its position in shares of Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of Exelon Corporation during the 2nd quarter valued at about $111,000. Sterling Investment Advisors Ltd. raised its position in Exelon Corporation by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares during the period. Finally, Hudock Capital Group LLC raised its position in Exelon Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares during the period. 77.37% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on EXC shares. Zacks Investment Research lowered shares of Exelon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 price objective on shares of Exelon Corporation in a research report on Tuesday, November 7th. Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.64.
In related news, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the sale, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,312,787 shares of company stock worth $52,683,909. 0.70% of the stock is owned by corporate insiders.
Shares of Exelon Corporation (NYSE:EXC) opened at $42.39 on Wednesday. Exelon Corporation has a 52-week low of $30.93 and a 52-week high of $42.46. The company has a market capitalization of $39,651.63, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. equities research analysts expect that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.09%. Exelon Corporation’s payout ratio is 58.74%.
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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