Ingalls & Snyder LLC Sells 2,594 Shares of Exelon Co. (EXC)
Ingalls & Snyder LLC decreased its position in Exelon Co. (NYSE:EXC) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,339 shares of the energy giant’s stock after selling 2,594 shares during the period. Ingalls & Snyder LLC’s holdings in Exelon were worth $4,743,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of EXC. Bank of Montreal Can boosted its holdings in Exelon by 44.6% in the fourth quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock valued at $245,971,000 after acquiring an additional 1,926,273 shares during the last quarter. Renaissance Technologies LLC bought a new position in Exelon in the second quarter valued at about $67,026,000. Parametric Portfolio Associates LLC boosted its holdings in Exelon by 97.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,713,375 shares of the energy giant’s stock valued at $133,941,000 after acquiring an additional 1,836,929 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Exelon by 40.3% in the third quarter. APG Asset Management N.V. now owns 5,575,631 shares of the energy giant’s stock valued at $210,034,000 after acquiring an additional 1,600,200 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Exelon by 1,261.9% in the second quarter. Janus Henderson Group PLC now owns 1,684,070 shares of the energy giant’s stock valued at $60,745,000 after acquiring an additional 1,560,416 shares during the last quarter. Institutional investors and hedge funds own 77.27% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. 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 restated a “buy” rating and set a $41.00 target price on shares of Exelon in a report on Thursday, October 12th. JPMorgan Chase & Co. raised their target price on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Finally, ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exelon presently has an average rating of “Buy” and an average target price of $40.53.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. sell-side analysts expect that Exelon Co. will post 2.66 EPS for the current year.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the sale, the executive vice president now owns 26,435 shares of the company’s stock, valued at $1,073,789.70. 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 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the sale, the chairman now directly owns 267,649 shares in the company, valued at approximately $11,008,403.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,287,788 shares of company stock worth $51,778,749. 0.70% of the stock is currently owned by insiders.
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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