Ingalls & Snyder LLC Sells 1,260 Shares of Exelon Co. (EXC)
Ingalls & Snyder LLC lessened its stake in shares of Exelon Co. (NYSE:EXC) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,372 shares of the energy giant’s stock after selling 1,260 shares during the quarter. Ingalls & Snyder LLC’s holdings in Exelon were worth $7,187,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of EXC. Bank of New York Mellon Corp increased its position in Exelon by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock worth $517,335,000 after purchasing an additional 689,774 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Exelon by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,802,577 shares of the energy giant’s stock valued at $78,682,000 after buying an additional 46,207 shares during the period. Tower Research Capital LLC TRC grew its holdings in Exelon by 153.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,528 shares of the energy giant’s stock valued at $416,000 after buying an additional 5,762 shares during the period. Capital International Investors grew its holdings in Exelon by 29.8% in the 3rd quarter. Capital International Investors now owns 11,113,684 shares of the energy giant’s stock valued at $485,223,000 after buying an additional 2,550,676 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in Exelon in the 3rd quarter valued at about $4,279,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.
Several analysts have commented on EXC shares. SunTrust Banks restated a “hold” rating and issued a $49.00 price target on shares of Exelon in a report on Tuesday, February 12th. Wells Fargo & Co restated a “hold” rating on shares of Exelon in a report on Friday, February 8th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Morgan Stanley lifted their price objective on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research note on Wednesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.82.
Exelon (NYSE:EXC) last released its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $6.60 billion. Exelon had a return on equity of 9.18% and a net margin of 5.58%. Exelon’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Exelon Co. will post 3.13 earnings per share for the current fiscal year.
In related news, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total transaction of $837,900.00. Following the transaction, the executive vice president now directly owns 67,548 shares of the company’s stock, valued at approximately $3,234,198.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Nigro sold 53,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Insiders have sold a total of 88,800 shares of company stock worth $4,352,142 over the last three months. 0.27% of the stock is currently owned by corporate insiders.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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