Private Advisor Group LLC lessened its position in shares of Exelon Corporation (NYSE:EXC) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,316 shares of the energy giant’s stock after selling 7,148 shares during the quarter. Private Advisor Group LLC’s holdings in Exelon were worth $2,408,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in EXC. Sandy Spring Bank grew its stake in Exelon by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in Exelon by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after buying an additional 37 shares during the last quarter. Hudock Capital Group LLC grew its stake in Exelon by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Live Your Vision LLC grew its stake in Exelon by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares during the last quarter. Finally, AGF Investments Inc. purchased a new position in Exelon during the 2nd quarter worth approximately $150,000. Hedge funds and other institutional investors own 77.45% of the company’s stock.
Shares of Exelon Corporation (EXC) traded down $0.31 during mid-day trading on Wednesday, hitting $41.25. The company’s stock had a trading volume of 6,139,600 shares, compared to its average volume of 4,857,470. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The stock has a market cap of $39,901.25, a P/E ratio of 16.76, a P/E/G ratio of 3.62 and a beta of 0.30. Exelon Corporation has a one year low of $32.97 and a one year high of $42.67.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. research analysts expect 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. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.18%. Exelon’s dividend payout ratio is currently 58.74%.
Several research analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon in a research note on Friday, September 1st. Bank of America assumed coverage on Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. BidaskClub upgraded Exelon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 target price on shares of Exelon in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $40.64.
In other news, EVP Kenneth W. Cornew sold 25,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The disclosure for this sale can be found here. Insiders sold a total of 1,312,787 shares of company stock valued at $52,683,909 over the last three months. Insiders own 0.70% of the company’s stock.
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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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