Massey Quick Simon & CO. LLC Buys Shares of 6,292 Exelon Corporation (EXC)
Massey Quick Simon & CO. LLC acquired a new stake in shares of Exelon Corporation (NYSE:EXC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,292 shares of the energy giant’s stock, valued at approximately $237,000.
Other hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank grew its position in Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the last quarter. V Wealth Management LLC purchased a new stake in Exelon Corporation during the 2nd quarter valued at about $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 valued at $113,000 after purchasing 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 valued at $115,000 after purchasing 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 valued at $115,000 after purchasing an additional 26 shares during the last quarter. 77.37% of the stock is currently owned by institutional investors.
Shares of Exelon Corporation (NYSE EXC) traded up $0.79 during trading hours on Tuesday, hitting $42.09. 5,310,200 shares of the stock traded hands, compared to its average volume of 4,864,724. Exelon Corporation has a 52-week low of $29.84 and a 52-week high of $42.18. 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 cap of $39,651.63, a PE ratio of 16.65, a PEG ratio of 3.59 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data 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). Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the company earned $0.91 EPS. Exelon Corporation’s revenue for the quarter was down 2.6% on a year-over-year basis. equities analysts forecast that Exelon Corporation will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders 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 of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is presently 58.74%.
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EXC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Exelon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $43.00 price objective on shares of Exelon Corporation in a research report on Tuesday, November 7th. Barclays PLC reissued an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. 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 stock. Exelon Corporation currently has an average rating of “Buy” and a consensus price target of $40.64.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the transaction, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at $29,969,078.32. 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 quarter. 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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