Sterling Capital Management LLC Cuts Stake in Exelon Co. (EXC)

Sterling Capital Management LLC lowered its holdings in Exelon Co. (NYSE:EXC) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,927 shares of the energy giant’s stock after selling 17,040 shares during the quarter. Sterling Capital Management LLC’s holdings in Exelon were worth $9,226,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew 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 buying an additional 5,572,093 shares during the period. Vanguard Group Inc. grew 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 buying an additional 4,453,759 shares during the period. Franklin Resources Inc. grew 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 buying an additional 4,102,441 shares during the period. CI Global Investments Inc. acquired a new stake in Exelon during the second quarter valued at $136,723,000. Finally, Teachers Advisors LLC grew its position in Exelon by 118.7% during the second quarter. Teachers Advisors LLC now owns 3,921,206 shares of the energy giant’s stock valued at $141,438,000 after buying an additional 2,127,988 shares during the period. Hedge funds and other institutional investors own 77.45% of the company’s stock.

Exelon Co. (EXC) traded down $0.32 on Friday, reaching $40.81. 4,694,900 shares of the company’s stock traded hands, compared to its average volume of 4,924,454. 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 capitalization of $39,488.41, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 3.58 and a beta of 0.30. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67.

Exelon (NYSE:EXC) last posted its quarterly 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 business 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%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. sell-side analysts expect that Exelon Co. will post 2.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 58.74%.

Several research firms recently commented on EXC. Mizuho began coverage on shares of Exelon in a research report on Friday. They set an “underperform” rating and a $36.00 price target on the stock. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of Exelon in a research report on Friday, September 1st. Morgan Stanley raised their price target on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Bank of America began coverage on shares of Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Exelon currently has a consensus rating of “Buy” and an average price target of $40.53.

In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now directly 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 accessible through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,312,788 shares of company stock worth $52,714,749. Insiders own 0.70% of the company’s stock.

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Exelon 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.

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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