Sei Investments Co. increased its stake in Exelon Corporation (NYSE:EXC) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,921 shares of the energy giant’s stock after purchasing an additional 92,088 shares during the quarter. Sei Investments Co. owned 0.05% of Exelon Corporation worth $19,774,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hudock Capital Group LLC increased its holdings in shares of Exelon Corporation by 0.4% in 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. Cambridge Advisors Inc. increased its holdings in shares of Exelon Corporation by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after purchasing an additional 23 shares in the last quarter. Live Your Vision LLC increased its holdings in shares of Exelon Corporation by 0.9% in 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. Sterling Investment Advisors Ltd. increased its holdings in shares of Exelon Corporation by 1.2% in 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. Finally, Optimum Investment Advisors increased its holdings in shares of Exelon Corporation by 0.4% in the 2nd quarter. Optimum Investment Advisors now owns 12,708 shares of the energy giant’s stock valued at $458,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 77.37% of the company’s stock.
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Shares of Exelon Corporation (NYSE EXC) opened at $42.09 on Tuesday. 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 has a 12-month low of $29.84 and a 12-month high of $42.18. The stock has a market cap of $39,651.63, a P/E ratio of 16.65, a P/E/G ratio of 3.59 and a beta of 0.31.
Exelon Corporation (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 analysts’ consensus estimates 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 net margin of 6.59% and a return on equity of 8.19%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. analysts anticipate that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.11%. Exelon Corporation’s dividend payout ratio (DPR) is 58.74%.
EXC has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of Exelon Corporation in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. Deutsche Bank AG restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a report on Monday, July 17th. SunTrust Banks, Inc. restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) downgraded shares of Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 target price for the company. in a report on Wednesday, October 11th. Finally, J P Morgan Chase & Co raised their target price on shares of Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. One 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $40.64.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total transaction of $510,787.23. Following the transaction, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the transaction, the executive vice president now directly owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,312,787 shares of company stock worth $52,683,909. 0.70% of the stock is currently owned by corporate insiders.
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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