The Manufacturers Life Insurance Company Decreases Position in Exelon Corporation (EXC)

The Manufacturers Life Insurance Company cut its holdings in Exelon Corporation (NYSE:EXC) by 4.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,053,634 shares of the energy giant’s stock after selling 44,133 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Exelon Corporation worth $38,005,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Live Your Vision LLC grew its stake in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after acquiring an additional 27 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after acquiring an additional 271 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Exelon Corporation in the second quarter valued at about $111,000. Sterling Investment Advisors Ltd. grew its stake in shares of Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after acquiring an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC grew its stake in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.

Several research firms recently commented on EXC. J P Morgan Chase & Co upped their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC restated an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.23.

In other news, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at $9,012,878. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan W. Thayer sold 215,669 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the transaction, the executive vice president now directly owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders have sold 486,952 shares of company stock valued at $18,509,309 in the last three months. 0.70% of the stock is owned by insiders.

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Exelon Corporation (NYSE EXC) traded up 0.08% on Friday, hitting $38.97. 395,237 shares of the stock were exchanged. The firm has a market cap of $37.41 billion, a PE ratio of 20.61 and a beta of 0.29. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $39.21. The company has a 50-day moving average price of $37.85 and a 200-day moving average price of $36.67.

Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Exelon Corporation’s revenue was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that Exelon Corporation will post $2.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s payout ratio is 68.59%.

About Exelon Corporation

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.

Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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