WealthTrust Axiom LLC Has $2.52 Million Position in Exelon Co. (EXC)

WealthTrust Axiom LLC trimmed its stake in shares of Exelon Co. (NYSE:EXC) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,810 shares of the energy giant’s stock after selling 4,045 shares during the quarter. WealthTrust Axiom LLC’s holdings in Exelon were worth $2,523,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EXC. CIBC World Markets Inc. bought a new stake in shares of Exelon during the 1st quarter valued at $378,000. Principal Financial Group Inc. grew its position in Exelon by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,127,003 shares of the energy giant’s stock worth $82,974,000 after buying an additional 51,893 shares in the last quarter. Brown Advisory Inc. grew its position in Exelon by 16.6% during the first quarter. Brown Advisory Inc. now owns 32,630 shares of the energy giant’s stock worth $1,273,000 after buying an additional 4,643 shares in the last quarter. DnB Asset Management AS grew its position in Exelon by 9.8% during the second quarter. DnB Asset Management AS now owns 151,739 shares of the energy giant’s stock worth $6,464,000 after buying an additional 13,600 shares in the last quarter. Finally, Clinton Group Inc. purchased a new position in Exelon during the second quarter worth about $2,828,000. Institutional investors own 78.91% of the company’s stock.

EXC opened at $43.40 on Friday. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.05. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.03. The stock has a market capitalization of $41.92 billion, a PE ratio of 16.69, a PEG ratio of 2.46 and a beta of 0.26.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Exelon Co. will post 3.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is currently 53.08%.

Several research firms recently commented on EXC. SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. KeyCorp boosted their target price on Exelon from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. Finally, Wells Fargo & Co boosted their target price on Exelon from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Exelon has a consensus rating of “Hold” and an average price target of $45.67.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Further Reading: Call Option

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply