CI Investments Inc. bought a new position in Exelon Corporation (NYSE:EXC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 570,555 shares of the energy giant’s stock, valued at approximately $21,493,000. CI Investments Inc. owned approximately 0.06% of Exelon Corporation at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of EXC. Sandy Spring Bank raised its holdings in shares of Exelon Corporation 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 buying an additional 271 shares in the last quarter. V Wealth Management LLC bought a new stake in Exelon Corporation during the 2nd quarter worth approximately $111,000. Sterling Investment Advisors Ltd. grew 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 worth $113,000 after acquiring an additional 37 shares during the last quarter. Hudock Capital Group LLC grew 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 worth $115,000 after acquiring an additional 13 shares during the last quarter. Finally, Live Your Vision LLC grew its position in Exelon Corporation 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 acquiring an additional 26 shares during the last quarter. 77.37% of the stock is owned by institutional investors and hedge funds.
Shares of Exelon Corporation (EXC) traded up $0.79 during trading on Tuesday, reaching $42.09. The company had a trading volume of 5,310,200 shares, compared to its average volume of 4,864,724. The firm has a market cap of $39,651.63, a P/E ratio of 16.65, a PEG ratio of 3.59 and a beta of 0.31. Exelon Corporation has a twelve month low of $29.84 and a twelve month high of $42.18. 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 issued its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. equities research analysts predict that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The company also recently declared 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. This represents a $1.31 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is 58.74%.
A number of equities research analysts recently commented on EXC shares. Morgan Stanley increased their price target on Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research report on Wednesday, October 11th. BidaskClub upgraded Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. One investment 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. Exelon Corporation currently has an average rating of “Buy” and an average price target of $40.64.
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In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction dated Monday, September 11th. The stock was 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 of the company’s stock, valued at approximately $1,523,550.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation 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 completion of the sale, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 1,312,787 shares of company stock worth $52,683,909 in the last three months. Company insiders own 0.70% of the company’s stock.
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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