Vident Investment Advisory LLC grew its holdings in shares of Exelon Co. (NYSE:EXC) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,811 shares of the energy giant’s stock after purchasing an additional 21,995 shares during the period. Vident Investment Advisory LLC’s holdings in Exelon were worth $3,610,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Andra AP fonden increased its position in shares of Exelon by 7.8% in the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after acquiring an additional 11,600 shares during the period. Heartland Advisors Inc. increased its position in shares of Exelon by 3.9% in the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock valued at $13,484,000 after acquiring an additional 13,982 shares during the period. Calamos Advisors LLC increased its position in shares of Exelon by 667.0% in the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock valued at $25,765,000 after acquiring an additional 621,188 shares during the period. Toronto Dominion Bank increased its position in shares of Exelon by 24.2% in the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after acquiring an additional 283,664 shares during the period. Finally, State of Wisconsin Investment Board increased its position in shares of Exelon by 6.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after acquiring an additional 80,586 shares during the period. Hedge funds and other institutional investors own 77.45% of the company’s stock.
In other news, Chairman Mayo A. Shattuck III sold 567,070 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,969,078.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the sale, the executive vice president now owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,326,121 shares of company stock worth $53,225,536 over the last ninety days. 0.70% of the stock is owned by insiders.
Shares of Exelon Co. (NYSE:EXC) traded up $0.24 on Friday, reaching $41.05. The company’s stock had a trading volume of 7,856,756 shares, compared to its average volume of 4,633,220. The firm has a market cap of $39,181.19, a P/E ratio of 16.46, a P/E/G ratio of 3.55 and a beta of 0.30. 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 Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. analysts predict that Exelon Co. will post 2.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 58.74%.
Several equities analysts recently issued reports on the company. SunTrust Banks reissued a “buy” rating and issued a $41.00 target price on shares of Exelon in a research report on Thursday, October 12th. J P Morgan Chase & Co upped their target price on Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Goldman Sachs Group downgraded Exelon from a “neutral” rating to a “sell” rating and set a $35.00 target price on the stock. in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Exelon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.64.
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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