Cornerstone Capital Management Holdings LLC. increased its position in Exelon Co. (NYSE:EXC) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 689,465 shares of the energy giant’s stock after acquiring an additional 74,442 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.07% of Exelon worth $25,971,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Exelon by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after purchasing an additional 4,453,759 shares in the last quarter. FMR LLC lifted its position in Exelon by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares in the last quarter. Franklin Resources Inc. lifted its position in Exelon by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after purchasing an additional 4,102,441 shares in the last quarter. LSV Asset Management lifted its position in Exelon by 2.6% during the second quarter. LSV Asset Management now owns 10,891,305 shares of the energy giant’s stock valued at $392,849,000 after purchasing an additional 272,700 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Exelon by 3.1% during the third quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock valued at $354,196,000 after purchasing an additional 280,855 shares in the last quarter. 77.45% of the stock is owned by institutional investors.
Exelon Co. (NYSE EXC) traded up $0.24 during trading hours on Friday, hitting $41.05. The company had a trading volume of 7,856,756 shares, compared to its average volume of 4,633,220. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $39,181.19, a P/E ratio of 16.46, a P/E/G ratio of 3.55 and a beta of 0.30. Exelon Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.91 earnings per share. equities research analysts predict that Exelon Co. will post 2.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a $0.3275 dividend. The ex-dividend date 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 is currently 58.74%.
Several equities analysts recently weighed in on the company. KeyCorp reiterated a “buy” rating and set a $41.00 target price on shares of Exelon in a research report on Friday, September 1st. Zacks Investment Research downgraded Exelon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Bank of America initiated coverage on Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price objective on the stock. SunTrust Banks restated a “buy” rating and issued a $41.00 price objective on shares of Exelon in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co boosted their price objective on Exelon from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued 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.
In related news, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the sale, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the business’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 completion of the sale, 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 sold 1,326,121 shares of company stock worth $53,225,536 over the last quarter. 0.70% of the stock is owned by company insiders.
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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.
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