Commerzbank Aktiengesellschaft FI lifted its stake in shares of Exelon Co. (NYSE:EXC) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,778 shares of the energy giant’s stock after purchasing an additional 3,514 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Exelon were worth $1,272,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Andra AP fonden grew its holdings in 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 buying an additional 11,600 shares in the last quarter. Heartland Advisors Inc. grew its holdings in 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 buying an additional 13,982 shares in the last quarter. Calamos Advisors LLC grew its holdings in 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 buying an additional 621,188 shares in the last quarter. Toronto Dominion Bank grew its holdings in 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 buying an additional 283,664 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in 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 buying an additional 80,586 shares in the last quarter. Institutional investors own 77.45% of the company’s stock.
Exelon Co. (EXC) traded down $0.13 during trading on Thursday, reaching $41.12. The company’s stock had a trading volume of 5,384,000 shares, compared to its average volume of 4,859,710. 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 company has a market capitalization of $39,603.63, a P/E ratio of 16.63, a PEG ratio of 3.59 and a beta of 0.30. Exelon Co. has a 1 year low of $33.08 and a 1 year high of $42.67.
Exelon (NYSE:EXC) last posted its 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 firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. Exelon’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. equities research analysts forecast that Exelon Co. will post 2.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders 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 dividend on an annualized basis and a yield of 3.19%. Exelon’s payout ratio is currently 58.74%.
EXC has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Exelon in a report on Tuesday, November 7th. Bank of America started coverage on Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. SunTrust Banks reissued a “buy” rating and set a $41.00 target price on shares of Exelon in a report on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $41.00 target price on shares of Exelon in a report on Friday, September 1st. Finally, ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.64.
In other Exelon news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the transaction, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,312,787 shares of company stock valued at $52,683,909. 0.70% of the stock is currently owned by corporate insiders.
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Exelon Company Profile
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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