Exelon Corporation (EXC) Shares Sold by Investment Centers of America Inc.
Investment Centers of America Inc. lessened its position in Exelon Corporation (NYSE:EXC) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,572 shares of the energy giant’s stock after selling 3,754 shares during the quarter. Investment Centers of America Inc.’s holdings in Exelon were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Exelon by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after buying an additional 4,453,759 shares during the period. FMR LLC boosted its position in Exelon by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after buying an additional 5,572,093 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Exelon by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock worth $393,894,000 after purchasing an additional 4,102,441 shares during the period. LSV Asset Management boosted its holdings in shares of Exelon by 2.6% during the second quarter. LSV Asset Management now owns 10,891,305 shares of the energy giant’s stock worth $392,849,000 after purchasing an additional 272,700 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Exelon by 3.1% during the third quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock worth $354,196,000 after purchasing an additional 280,855 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.
In other Exelon news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares in the company, valued at $1,523,550.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The disclosure for this sale can be found here. Insiders sold 1,312,787 shares of company stock valued at $52,683,909 over the last 90 days. 0.70% of the stock is currently owned by company insiders.
EXC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and set a $41.00 target price on shares of Exelon in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Barclays reiterated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon in a report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a 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 company. The stock currently has an average rating of “Buy” and an average price target of $40.64.
Shares of Exelon Corporation (NYSE:EXC) opened at $41.69 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. Exelon Corporation has a 1-year low of $31.77 and a 1-year high of $42.67. The company has a market cap of $40,285.29, a PE ratio of 16.92, a price-to-earnings-growth ratio of 3.65 and a beta of 0.31.
Exelon (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). Exelon had a return on equity of 8.19% and a net margin of 6.59%. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis. equities analysts anticipate that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a yield of 3.14%. Exelon’s dividend payout ratio (DPR) is presently 58.74%.
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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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