Lesa Sroufe & Co decreased its holdings in Exelon Corporation (NYSE:EXC) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,180 shares of the energy giant’s stock after selling 2,625 shares during the quarter. Exelon Corporation comprises approximately 3.4% of Lesa Sroufe & Co’s portfolio, making the stock its 13th biggest position. Lesa Sroufe & Co’s holdings in Exelon Corporation were worth $3,924,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Macquarie Group Ltd. lifted its stake in Exelon Corporation by 5.0% in the third quarter. Macquarie Group Ltd. now owns 35,700 shares of the energy giant’s stock worth $1,344,000 after acquiring an additional 1,700 shares during the period. Vaughan David Investments Inc. IL lifted its stake in Exelon Corporation by 4,250.1% in the third quarter. Vaughan David Investments Inc. IL now owns 309,991 shares of the energy giant’s stock worth $25,413,000 after acquiring an additional 302,865 shares during the period. Ameriprise Financial Inc. lifted its stake in Exelon Corporation by 1.7% in the third quarter. Ameriprise Financial Inc. now owns 3,812,046 shares of the energy giant’s stock worth $143,602,000 after acquiring an additional 62,146 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Exelon Corporation by 11.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 96,976 shares of the energy giant’s stock worth $3,653,000 after acquiring an additional 9,763 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Exelon Corporation by 17.4% in the third quarter. Russell Investments Group Ltd. now owns 1,796,030 shares of the energy giant’s stock worth $67,642,000 after acquiring an additional 266,223 shares during the period. 77.37% of the stock is owned by institutional investors.
EXC has been the subject of several recent research reports. Zacks Investment Research lowered 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 previously from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Finally, ValuEngine raised 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.64.
Exelon Corporation (EXC) traded down $0.53 on Friday, hitting $41.24. The stock had a trading volume of 6,987,000 shares, compared to its average volume of 4,880,254. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The stock has a market cap of $39,650.00, a price-to-earnings ratio of 16.84, a PEG ratio of 3.64 and a beta of 0.31. Exelon Corporation has a 12-month low of $31.43 and a 12-month high of $42.67.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same period in the prior year, the firm earned $0.91 EPS. Exelon Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities analysts anticipate that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors 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 3.18%. Exelon Corporation’s payout ratio is 58.74%.
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In related news, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of Exelon Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.12, for a total value of $22,750,848.40. Following the completion of the sale, the chairman now 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 valued at $52,683,909 over the last quarter. 0.70% of the stock is owned by corporate insiders.
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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