Coastline Trust Co purchased a new stake in shares of Exelon Co. (NYSE:EXC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,654 shares of the energy giant’s stock, valued at approximately $460,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of Nova Scotia Trust Co. bought a new position in Exelon during the third quarter worth about $102,000. BB&T Investment Services Inc. bought a new position in Exelon during the second quarter worth about $162,000. Clear Perspective Advisors LLC boosted its position in Exelon by 19.7% during the second quarter. Clear Perspective Advisors LLC now owns 4,558 shares of the energy giant’s stock worth $164,000 after purchasing an additional 749 shares during the period. MPS Loria Financial Planners LLC bought a new position in Exelon during the second quarter worth about $167,000. Finally, Advisory Services Network LLC boosted its position in Exelon by 24.3% during the second quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock worth $168,000 after purchasing an additional 908 shares during the period. Institutional investors own 77.27% of the company’s stock.
In other Exelon news, Chairman Mayo A. Shattuck III sold 379,337 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the transaction, the chairman now directly owns 746,986 shares in the company, valued at $29,916,789.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following 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 1,287,788 shares of company stock worth $51,778,749 over the last quarter. Company insiders own 0.70% of the company’s stock.
Shares of Exelon Co. (NYSE:EXC) opened at $38.59 on Friday. The firm has a market cap of $37,080.00, a P/E ratio of 17.30, a P/E/G ratio of 3.10 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon Co. has a one year low of $33.30 and a one year high of $42.67.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $8.77 billion during 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%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. equities analysts anticipate that Exelon Co. will post 2.66 EPS for the current fiscal year.
A number of equities analysts have weighed in on EXC shares. SunTrust Banks reiterated a “buy” rating and set a $41.00 target price on shares of Exelon in a research report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $43.00 target price on shares of Exelon in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley increased their price target on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $40.53.
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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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