Exelon Co. (EXC) Stake Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in Exelon Co. (NYSE:EXC) by 33.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,664 shares of the energy giant’s stock after selling 19,455 shares during the quarter. Advisors Asset Management Inc.’s holdings in Exelon were worth $1,647,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CIBC World Markets Inc. purchased a new position in shares of Exelon during the first quarter valued at approximately $378,000. WINTON GROUP Ltd boosted its position in shares of Exelon by 28.4% during the first quarter. WINTON GROUP Ltd now owns 12,696 shares of the energy giant’s stock valued at $495,000 after buying an additional 2,808 shares during the period. Principal Financial Group Inc. boosted its position in shares of Exelon by 2.5% during the first quarter. Principal Financial Group Inc. now owns 2,127,003 shares of the energy giant’s stock valued at $82,974,000 after buying an additional 51,893 shares during the period. Brown Advisory Inc. boosted its position in shares of Exelon by 16.6% during the first quarter. Brown Advisory Inc. now owns 32,630 shares of the energy giant’s stock valued at $1,273,000 after buying an additional 4,643 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in shares of Exelon by 3.1% during the second quarter. Gulf International Bank UK Ltd now owns 314,912 shares of the energy giant’s stock valued at $13,415,000 after buying an additional 9,388 shares during the period. 78.91% of the stock is owned by institutional investors.

Shares of NYSE EXC opened at $44.38 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $42.13 billion, a P/E ratio of 17.07, a PEG ratio of 2.47 and a beta of 0.24. Exelon Co. has a 52-week low of $35.57 and a 52-week high of $45.05.

Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. Exelon’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Analysts anticipate that Exelon Co. will post 3.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.11%. Exelon’s dividend payout ratio is currently 53.08%.

EXC has been the subject of a number of research reports. Mizuho reiterated a “hold” rating and issued a $40.00 price target on shares of Exelon in a report on Monday, August 6th. Morgan Stanley boosted their price target on Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Macquarie boosted their price target on Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, September 24th. Finally, Barclays initiated coverage on Exelon in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price target for the company. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.61.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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