Chartwell Investment Partners LLC grew its holdings in Exelon Co. (NYSE:EXC) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,905 shares of the energy giant’s stock after purchasing an additional 11,070 shares during the period. Chartwell Investment Partners LLC’s holdings in Exelon were worth $9,112,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of EXC. Sandy Spring Bank increased its holdings in shares of Exelon by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after purchasing an additional 271 shares in the last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Exelon by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares in the last quarter. Hudock Capital Group LLC increased its holdings in shares of Exelon by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. Live Your Vision LLC grew its holdings in shares of Exelon by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after acquiring an additional 26 shares during the period. Finally, AGF Investments Inc. bought a new stake in shares of Exelon in the second quarter worth $150,000. 77.45% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Mayo A. Shattuck III sold 567,070 shares of the business’s 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 transaction, the chairman now directly owns 746,986 shares in the company, valued at $29,969,078.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chairman now owns 267,649 shares in the company, valued at $11,008,403.37. The disclosure for this sale can be found here. Insiders have sold 1,312,787 shares of company stock worth $52,683,909 over the last quarter. 0.70% of the stock is owned by company insiders.
Several brokerages recently commented on EXC. Bank of America began coverage on Exelon in a report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. Goldman Sachs Group lowered Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective for the company. in a report on Wednesday, October 11th. J P Morgan Chase & Co lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Finally, BidaskClub raised Exelon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One investment 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.64.
Exelon Co. (NYSE EXC) traded down $0.31 during midday trading on Thursday, reaching $40.81. The company had a trading volume of 6,814,267 shares, compared to its average volume of 4,867,992. The stock has a market capitalization of $39,603.63, a P/E ratio of 16.63, a PEG ratio of 3.59 and a beta of 0.30. 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 Co. has a 12 month low of $33.08 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. Exelon’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. sell-side analysts anticipate that Exelon Co. will post 2.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.21%. Exelon’s dividend payout ratio (DPR) is presently 58.74%.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/07/chartwell-investment-partners-llc-purchases-11070-shares-of-exelon-corporation-exc.html.
Exelon Company 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.
Receive News & Ratings for Exelon Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Co. and related companies with MarketBeat.com's FREE daily email newsletter.