Exelon Corporation (EXC) Shares Sold by South Dakota Investment Council
South Dakota Investment Council lessened its holdings in shares of Exelon Corporation (NYSE:EXC) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 556,419 shares of the energy giant’s stock after selling 41,300 shares during the period. South Dakota Investment Council owned 0.06% of Exelon Corporation worth $20,960,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sandy Spring Bank grew its stake in Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after buying an additional 37 shares during the last quarter. Hudock Capital Group LLC grew its stake in Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Live Your Vision LLC grew its stake in Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares during the last quarter. Finally, AGF Investments Inc. purchased a new position in Exelon Corporation during the 2nd quarter worth approximately $150,000. 78.04% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was 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 approximately $1,523,550.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $37.44, for a total value 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. Insiders sold a total of 1,312,787 shares of company stock worth $52,683,909 over the last quarter. Company insiders own 0.70% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) traded up $0.11 during mid-day trading on Friday, hitting $41.50. The company’s stock had a trading volume of 3,058,800 shares, compared to its average volume of 4,859,195. Exelon Corporation has a one year low of $31.77 and a one year high of $42.67. The stock has a market cap of $39,843.65, a P/E ratio of 16.73, a P/E/G ratio of 3.61 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 (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts expect that Exelon Corporation will post 2.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.16%. Exelon Corporation’s dividend payout ratio (DPR) is currently 58.74%.
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EXC has been the topic of a number of research reports. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Barclays PLC restated an “overweight” rating and set a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research note on Friday, September 1st. Finally, Morgan Stanley raised their price target on Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.64.
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.
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