Cowen Prime Services LLC lessened its holdings in shares of Exelon Corporation (NYSE:EXC) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,550 shares of the energy giant’s stock after selling 3,800 shares during the quarter. Cowen Prime Services LLC’s holdings in Exelon Corporation were worth $2,319,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in Exelon Corporation by 15.5% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 11,202 shares of the energy giant’s stock worth $422,000 after acquiring an additional 1,501 shares during the last quarter. Norinchukin Bank The increased its stake in Exelon Corporation by 3.9% in the 3rd quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock worth $4,735,000 after acquiring an additional 4,680 shares during the last quarter. ING Groep NV increased its stake in Exelon Corporation by 46.0% in the 3rd quarter. ING Groep NV now owns 95,757 shares of the energy giant’s stock worth $3,607,000 after acquiring an additional 30,158 shares during the last quarter. First Interstate Bank increased its stake in Exelon Corporation by 8.2% in the 3rd quarter. First Interstate Bank now owns 145,561 shares of the energy giant’s stock worth $5,483,000 after acquiring an additional 11,026 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Exelon Corporation by 20.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 463,311 shares of the energy giant’s stock worth $17,453,000 after acquiring an additional 80,067 shares during the last quarter. 78.04% of the stock is currently owned by institutional investors.
Exelon Corporation (EXC) traded up $0.11 on Thursday, reaching $41.50. The company had a trading volume of 3,058,800 shares, compared to its average volume of 4,859,195. Exelon Corporation has a one year low of $31.77 and a one year high of $42.67. 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 $39,738.04, a PE ratio of 16.69, a P/E/G ratio of 3.60 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data 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). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. Exelon Corporation’s revenue was down 2.6% compared to the same quarter last year. sell-side 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 dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s payout ratio is currently 58.74%.
A number of analysts have issued reports on the company. Bank of America Corporation assumed coverage on Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) downgraded Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, October 11th. J P Morgan Chase & Co lifted their price objective on Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment analyst has 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 Corporation presently has a consensus rating of “Buy” and a consensus price target of $40.64.
In related news, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the business’s stock in a transaction 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 approximately $11,008,403.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,312,787 shares of company stock valued at $52,683,909. 0.70% of the stock is owned by company insiders.
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Exelon Corporation 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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