Quest Capital Management Inc. ADV decreased its position in shares of Exelon Co. (NYSE:EXC) by 99.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,559 shares of the energy giant’s stock after selling 621,348 shares during the quarter. Quest Capital Management Inc. ADV’s holdings in Exelon were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Centersquare Investment Management LLC acquired a new stake in shares of Exelon during the 1st quarter worth $26,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Exelon during the 1st quarter worth $29,000. Manchester Financial Inc. acquired a new stake in shares of Exelon during the 2nd quarter worth $30,000. Weaver Consulting Group acquired a new stake in shares of Exelon during the 1st quarter worth $31,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of Exelon by 58.5% during the 1st quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. 79.38% of the stock is currently owned by institutional investors.

In other news, EVP Kenneth W. Cornew sold 54,300 shares of Exelon stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the sale, the executive vice president now directly owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Calvin Butler, Jr. sold 31,000 shares of Exelon stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $47.59, for a total value of $1,475,290.00. Following the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at $1,919,352.29. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

EXC has been the topic of several analyst reports. Mizuho increased their target price on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a report on Thursday, May 16th. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. KeyCorp started coverage on Exelon in a report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Barclays raised Exelon from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $54.00 to $52.00 in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised Exelon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $48.00 to $52.00 in a research note on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.19.

NYSE:EXC traded down $0.05 during trading hours on Tuesday, hitting $45.23. The company’s stock had a trading volume of 70,401 shares, compared to its average volume of 6,713,807. The stock has a fifty day simple moving average of $46.77 and a 200-day simple moving average of $48.60. The company has a market capitalization of $43.85 billion, a P/E ratio of 14.44, a PEG ratio of 3.80 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon Co. has a twelve month low of $42.19 and a twelve month high of $51.18.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. On average, equities analysts predict that Exelon Co. will post 3.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a $0.363 dividend. This represents a $1.45 annualized dividend and a yield of 3.21%. The ex-dividend date is Wednesday, August 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.

Exelon Company Profile

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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