Quantbot Technologies LP cut its position in Exelon Co. (NYSE:EXC) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,539 shares of the energy giant’s stock after selling 6,157 shares during the quarter. Quantbot Technologies LP’s holdings in Exelon were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Sandy Spring Bank grew its holdings in Exelon by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after acquiring an additional 271 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of Exelon 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 in the last quarter. Hudock Capital Group LLC boosted its stake in shares of Exelon 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 in the last quarter. Live Your Vision LLC boosted its stake in shares of Exelon 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 purchasing an additional 26 shares in the last quarter. Finally, AGF Investments Inc. bought a new stake in shares of Exelon during the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors own 77.45% of the company’s stock.
A number of brokerages recently issued reports on EXC. SunTrust Banks reissued a “buy” rating and set a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. J P Morgan Chase & Co boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Barclays restated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Goldman Sachs Group lowered shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 target price for the company. in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Exelon has a consensus rating of “Buy” and a consensus target price of $40.64.
Shares of Exelon Co. (NYSE:EXC) traded down $0.31 on Thursday, hitting $40.81. 6,814,267 shares of the stock traded hands, compared to its average volume of 4,867,992. Exelon Co. has a 1-year low of $33.08 and a 1-year high of $42.67. The stock has a market capitalization of $39,603.63, a P/E ratio of 16.63, a P/E/G ratio of 3.59 and a beta of 0.30. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. sell-side analysts forecast that Exelon Co. will post 2.65 EPS for the current year.
The business 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. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, November 14th. Exelon’s payout ratio is presently 58.74%.
In other news, Chairman Mayo A. Shattuck III sold 34,585 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.25, for a total value of $1,392,046.25. Following the sale, the chairman now directly owns 402,234 shares in the company, valued at approximately $16,189,918.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following the completion of the sale, the chairman now owns 267,649 shares in the company, valued at $11,008,403.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,312,787 shares of company stock worth $52,683,909. Company insiders own 0.70% of the company’s stock.
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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