Brown Advisory Inc. Has $1.11 Million Stake in Exelon Co. (EXC)
Brown Advisory Inc. increased its position in shares of Exelon Co. (NYSE:EXC) by 32.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,406 shares of the energy giant’s stock after buying an additional 7,149 shares during the quarter. Brown Advisory Inc.’s holdings in Exelon were worth $1,107,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank increased its holdings in Exelon by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the last quarter. Live Your Vision LLC increased its holdings in Exelon by 0.9% in the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 26 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in Exelon by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the last quarter. Hudock Capital Group LLC increased its holdings in Exelon by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the last quarter. Finally, AGF Investments Inc. acquired a new stake in Exelon in the 2nd quarter valued at approximately $150,000. 77.45% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the company’s 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 sale, 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. Over the last three months, insiders sold 1,326,121 shares of company stock valued at $53,225,536. 0.70% of the stock is owned by corporate insiders.
Exelon Co. (NYSE:EXC) traded up $0.24 during trading on Friday, hitting $41.05. 7,856,756 shares of the stock traded hands, compared to its average volume of 4,633,220. The stock has a market cap of $39,181.19, a PE ratio of 16.46, a P/E/G ratio of 3.55 and a beta of 0.30. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. sell-side analysts expect that Exelon Co. will post 2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a $0.3275 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.19%. Exelon’s dividend payout ratio (DPR) is presently 58.74%.
Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target for the company. SunTrust Banks restated a “buy” rating and issued a $41.00 price target on shares of Exelon in a research note on Thursday, October 12th. Goldman Sachs Group downgraded shares of Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price target for the company. in a research note on Wednesday, October 11th. J P Morgan Chase & Co boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of Exelon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and a consensus price target of $40.64.
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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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