Exelon Co. (EXC) Position Lessened by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lessened its holdings in Exelon Co. (NYSE:EXC) by 12.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 152,658 shares of the energy giant’s stock after selling 22,668 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Exelon were worth $6,016,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EXC. FMR LLC raised its position in shares of Exelon by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after buying an additional 5,572,093 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Exelon by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after buying an additional 4,453,759 shares in the last quarter. Teachers Advisors LLC raised 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 purchasing an additional 2,127,988 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Exelon during the second quarter valued at about $67,026,000. Finally, Parametric Portfolio Associates LLC raised its position in Exelon by 97.9% during the second quarter. Parametric Portfolio Associates LLC now owns 3,713,375 shares of the energy giant’s stock valued at $133,941,000 after purchasing an additional 1,836,929 shares in the last quarter. Institutional investors own 77.26% of the company’s stock.

In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total value 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 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 ninety days. Insiders own 0.70% of the company’s stock.

EXC has been the topic of a number of research reports. SunTrust Banks restated a “buy” rating and set a $41.00 price target on shares of Exelon in a research report on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and set a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Bank of America initiated coverage on Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley raised their price target on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Exelon has an average rating of “Buy” and an average target price of $40.53.

Exelon Co. (NYSE EXC) opened at $38.16 on Wednesday. Exelon Co. has a 12 month low of $33.30 and a 12 month high of $42.67. The stock has a market capitalization of $36,670.00, a PE ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.30. 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 (NYSE:EXC) last announced its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. sell-side analysts anticipate that Exelon Co. will post 2.65 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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