Exelon Corporation (EXC) Holdings Lowered by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. trimmed its position in Exelon Corporation (NYSE:EXC) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,624 shares of the energy giant’s stock after selling 14,410 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Exelon Corporation were worth $2,284,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank boosted its holdings in shares of Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares during the period. Live Your Vision LLC boosted its holdings in shares of Exelon Corporation by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in shares of Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after buying an additional 37 shares during the period. Hudock Capital Group LLC boosted its holdings in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the period. Finally, AGF Investments Inc. acquired a new position in shares of Exelon Corporation in the second quarter worth about $150,000. Institutional investors own 77.37% of the company’s stock.
Exelon Corporation (EXC) opened at $41.24 on Friday. Exelon Corporation has a 52-week low of $31.43 and a 52-week high of $42.67. The company has a market cap of $40,102.87, a P/E ratio of 16.84, a PEG ratio of 3.64 and a beta of 0.31. 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 released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. sell-side analysts forecast that Exelon Corporation will post 2.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is 58.74%.
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In other news, Chairman Mayo A. Shattuck III sold 100,000 shares of Exelon Corporation stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total value of $4,113,000.00. Following the transaction, the chairman now owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mayo A. Shattuck III sold 34,585 shares of Exelon Corporation stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.25, for a total transaction of $1,392,046.25. Following the completion of the transaction, the chairman now directly owns 402,234 shares in the company, valued at approximately $16,189,918.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,312,787 shares of company stock worth $52,683,909. Insiders own 0.70% of the company’s stock.
Several research analysts have commented on EXC shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Thursday, October 12th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. KeyCorp reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Exelon Corporation currently has an average rating of “Buy” and a consensus price target of $40.64.
Exelon Corporation 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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