Fieldpoint Private Securities LLC Purchases Shares of 9,065 Exelon Co. (EXC)
Fieldpoint Private Securities LLC purchased a new stake in Exelon Co. (NYSE:EXC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,065 shares of the energy giant’s stock, valued at approximately $341,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC purchased a new stake in Exelon in the 3rd quarter valued at $414,000. Stonebridge Capital Advisors LLC raised its position in Exelon by 5.1% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 73,729 shares of the energy giant’s stock valued at $2,777,000 after purchasing an additional 3,590 shares during the last quarter. Piedmont Investment Advisors LLC raised its position in Exelon by 4.6% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 207,079 shares of the energy giant’s stock valued at $7,801,000 after purchasing an additional 9,170 shares during the last quarter. California Public Employees Retirement System raised its position in Exelon by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 2,912,691 shares of the energy giant’s stock valued at $109,721,000 after purchasing an additional 151,185 shares during the last quarter. Finally, Krilogy Financial LLC raised its position in Exelon by 748.0% in the 3rd quarter. Krilogy Financial LLC now owns 11,041 shares of the energy giant’s stock valued at $416,000 after purchasing an additional 9,739 shares during the last quarter. Hedge funds and other institutional investors own 77.45% of the company’s stock.
Several analysts recently commented on EXC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. SunTrust Banks restated a “buy” rating and set a $41.00 price objective on shares of Exelon in a research report on Thursday, October 12th. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of Exelon in a research report on Friday, September 1st. Finally, ValuEngine upgraded shares of Exelon 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 assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.86.
In other news, Chairman Mayo A. Shattuck III sold 567,070 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the transaction, the chairman now directly owns 746,986 shares of the company’s stock, valued at approximately $29,969,078.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,334 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,312,788 shares of company stock worth $52,714,749. Corporate insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE EXC) opened at $41.13 on Thursday. The company has a market cap of $39,520.00, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 3.57 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. Exelon Co. has a 12-month low of $33.30 and a 12-month high of $42.67.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $8.58 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. sell-side analysts expect that Exelon Co. will post 2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.3275 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.19%. 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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