Profund Advisors LLC Raises Stake in Exelon Co. (NYSE:EXC)

Profund Advisors LLC lifted its position in shares of Exelon Co. (NYSE:EXC) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 79,441 shares of the energy giant’s stock after purchasing an additional 8,532 shares during the quarter. Profund Advisors LLC’s holdings in Exelon were worth $3,808,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Centersquare Investment Management LLC acquired a new position in shares of Exelon in the 1st quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in shares of Exelon in the 2nd quarter valued at approximately $29,000. Manchester Financial Inc. acquired a new position in shares of Exelon in the 2nd quarter valued at approximately $30,000. Resources Investment Advisors LLC. raised its position in shares of Exelon by 167.5% in the 2nd quarter. Resources Investment Advisors LLC. now owns 634 shares of the energy giant’s stock valued at $30,000 after purchasing an additional 397 shares in the last quarter. Finally, Weaver Consulting Group acquired a new position in shares of Exelon in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.07% of the company’s stock.

In other Exelon news, EVP Kenneth W. Cornew sold 54,300 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total value of $2,705,226.00. Following the sale, the executive vice president now directly owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at $1,919,352.29. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Shares of EXC stock traded down $0.66 on Friday, hitting $47.22. 287,562 shares of the stock traded hands, compared to its average volume of 5,241,673. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The company has a market capitalization of $46.98 billion, a PE ratio of 15.16, a PEG ratio of 4.52 and a beta of 0.26. Exelon Co. has a 1-year low of $42.19 and a 1-year high of $51.18. The company’s fifty day moving average is $45.99 and its 200 day moving average is $48.48.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). Exelon had a return on equity of 8.47% and a net margin of 6.43%. The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the business earned $0.71 earnings per share. Exelon’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts expect that Exelon Co. will post 3.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.363 dividend. This represents a $1.45 annualized dividend and a yield of 3.07%. The ex-dividend date was Wednesday, August 14th. Exelon’s dividend payout ratio is presently 46.47%.

A number of equities analysts have issued reports on EXC shares. KeyCorp started coverage on Exelon in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Barclays raised Exelon from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $54.00 to $52.00 in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Mizuho upped their price target on Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Finally, UBS Group upped their price target on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.82.

Exelon Profile

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

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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