Exelon Co. (EXC) Shares Bought by Stonebridge Capital Advisors LLC
Stonebridge Capital Advisors LLC lifted its position in shares of Exelon Co. (NYSE:EXC) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,729 shares of the energy giant’s stock after buying an additional 3,590 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Exelon were worth $2,777,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Andra AP fonden increased its holdings in Exelon by 7.8% in the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after purchasing an additional 11,600 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Exelon by 3.9% in the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock valued at $13,484,000 after purchasing an additional 13,982 shares in the last quarter. Calamos Advisors LLC increased its holdings in Exelon by 667.0% in the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock valued at $25,765,000 after purchasing an additional 621,188 shares in the last quarter. Toronto Dominion Bank increased its holdings in Exelon by 24.2% in the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after purchasing an additional 283,664 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in Exelon by 6.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after purchasing an additional 80,586 shares in the last quarter. Institutional investors and hedge funds own 77.45% of the company’s stock.
Shares of Exelon Co. (NYSE:EXC) traded down $0.91 during mid-day trading on Wednesday, hitting $41.01. 7,944,100 shares of the stock traded hands, compared to its average volume of 4,909,861. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The company has a market capitalization of $40,246.88, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.65 and a beta of 0.30.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon had a return on equity of 8.19% and a net margin of 6.59%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. equities research analysts expect that Exelon Co. will post 2.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.3275 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.19%. Exelon’s payout ratio is 58.74%.
In other news, EVP Kenneth W. Cornew sold 25,000 shares of the 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 transaction, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.12, for a total transaction of $22,750,848.40. Following the transaction, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,969,078.32. The disclosure for this sale can be found here. Insiders have sold 1,312,788 shares of company stock worth $52,714,749 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.
Several analysts recently issued reports on EXC shares. BidaskClub upgraded Exelon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp restated a “buy” rating and set a $41.00 target price on shares of Exelon in a research note on Friday, September 1st. Morgan Stanley raised their target price on Exelon from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded Exelon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $40.64.
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Exelon Company Profile
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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