Stevens Capital Management LP lessened its stake in Exelon Corporation (NYSE:EXC) by 70.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,449 shares of the energy giant’s stock after selling 135,628 shares during the period. Stevens Capital Management LP’s holdings in Exelon Corporation were worth $2,126,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Andra AP fonden increased its position in Exelon Corporation by 7.8% in the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after acquiring an additional 11,600 shares during the period. Heartland Advisors Inc. increased its position in Exelon Corporation by 3.9% in the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock valued at $13,484,000 after acquiring an additional 13,982 shares during the period. Calamos Advisors LLC increased its position in Exelon Corporation by 667.0% in the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock valued at $25,765,000 after acquiring an additional 621,188 shares during the period. CI Global Investments Inc. acquired a new position in Exelon Corporation in the 2nd quarter valued at about $136,723,000. Finally, Baillie Gifford & Co. increased its position in Exelon Corporation by 8.0% in the 2nd quarter. Baillie Gifford & Co. now owns 404,952 shares of the energy giant’s stock valued at $14,606,000 after acquiring an additional 29,825 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “buy” rating and issued a $43.00 price target on shares of Exelon Corporation in a research report on Tuesday, November 7th. Bank of America Corporation assumed coverage on Exelon Corporation in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. SunTrust Banks, Inc. restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co boosted their target price on Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.64.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total value of $510,787.23. Following the sale, the executive vice president now owns 39,769 shares of the company’s stock, valued at approximately $1,523,550.39. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,787 shares of company stock worth $52,683,909 in the last three months. Corporate insiders own 0.70% of the company’s stock.
Shares of Exelon Corporation (EXC) opened at $41.30 on Friday. The company has a market capitalization of $39,651.63, a P/E ratio of 16.65, a PEG ratio of 3.58 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $41.56.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. Exelon Corporation’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. research analysts expect that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is 58.74%.
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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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