Exelon Corporation (EXC) Shares Bought by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. increased its stake in Exelon Corporation (NYSE:EXC) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,976 shares of the energy giant’s stock after acquiring an additional 9,763 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Exelon Corporation were worth $3,653,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Sandy Spring Bank boosted its position 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 worth $107,000 after acquiring an additional 271 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its position in Exelon Corporation by 1.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after buying an additional 37 shares in the last quarter. Hudock Capital Group LLC lifted its position in Exelon Corporation by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after buying an additional 13 shares in the last quarter. Live Your Vision LLC lifted its position in Exelon Corporation by 0.9% during the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares in the last quarter. Finally, AGF Investments Inc. acquired a new position in Exelon Corporation during the second quarter valued at approximately $150,000. 77.37% of the stock is currently owned by institutional investors and hedge funds.
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Exelon Corporation (EXC) traded down $0.08 during trading on Friday, hitting $41.16. 1,487,227 shares of the stock traded hands, compared to its average volume of 4,880,254. The company has a market capitalization of $40,102.87, a price-to-earnings ratio of 16.84, a P/E/G ratio of 3.64 and a beta of 0.31. 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 Corporation has a fifty-two week low of $31.43 and a fifty-two week high of $42.67.
Exelon Corporation (NYSE:EXC) last released 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). The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. research analysts expect that Exelon Corporation will post 2.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.18%. Exelon Corporation’s dividend payout ratio is currently 58.74%.
A number of research analysts have weighed in on the stock. Bank of America Corporation assumed coverage on shares of Exelon Corporation in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Thursday, October 12th. The Goldman Sachs Group, Inc. cut shares of Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 target price on the stock. in a research report on Wednesday, October 11th. J P Morgan Chase & Co boosted their target price on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Finally, BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exelon Corporation has a consensus rating of “Buy” and a consensus price target of $40.64.
In related news, Chairman Mayo A. Shattuck III sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total value of $4,113,000.00. Following the completion of the sale, the chairman now owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction 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 approximately $1,523,550.39. The disclosure for this sale can be found here. Insiders have sold 1,312,787 shares of company stock valued at $52,683,909 in the last 90 days. Insiders own 0.70% of the company’s stock.
Exelon Corporation 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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