Janney Montgomery Scott LLC increased its position in shares of Exelon Co. (NYSE:EXC) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,337 shares of the energy giant’s stock after buying an additional 7,722 shares during the period. Janney Montgomery Scott LLC’s holdings in Exelon were worth $2,650,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new stake in Exelon during the 3rd quarter worth $196,000. AlphaStar Capital Management LLC bought a new stake in shares of Exelon in the 3rd quarter worth about $223,000. U S Global Investors Inc. bought a new stake in shares of Exelon in the 3rd quarter worth about $490,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Exelon in the 3rd quarter worth about $102,000. Finally, Capital International Investors increased its position in shares of Exelon by 20.6% in the 3rd quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after purchasing an additional 1,415,400 shares during the last quarter. 77.45% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the completion of the transaction, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of Exelon stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 1,312,788 shares of company stock valued at $52,714,749 over the last ninety days. Company insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE:EXC) opened at $40.74 on Friday. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. The company has a market cap of $39,150.00, a PE ratio of 16.42, a PEG ratio of 3.55 and a beta of 0.30.
Exelon (NYSE:EXC) last posted 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). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. analysts anticipate that Exelon Co. will post 2.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 58.74%.
Several equities research analysts have recently weighed in on EXC shares. KeyCorp reissued a “buy” rating and issued a $41.00 target price on shares of Exelon in a research report on Friday, September 1st. Bank of America started coverage on shares of Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub raised shares of Exelon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $43.00 target price on shares of Exelon in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.53.
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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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