Strategic Financial Group LLC Has $230,000 Stake in Exelon Co. (EXC)

Strategic Financial Group LLC cut its stake in Exelon Co. (NYSE:EXC) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,579 shares of the energy giant’s stock after selling 265 shares during the period. Strategic Financial Group LLC’s holdings in Exelon were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. USS Investment Management Ltd grew its position in Exelon by 247.6% in the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock worth $44,020,000 after acquiring an additional 625,681 shares during the period. Bank of Edwardsville purchased a new position in Exelon in the first quarter worth approximately $1,166,000. Weather Gauge Advisory LLC purchased a new position in Exelon in the fourth quarter worth approximately $2,083,000. Occidental Asset Management LLC grew its position in Exelon by 6.6% in the fourth quarter. Occidental Asset Management LLC now owns 12,381 shares of the energy giant’s stock worth $558,000 after acquiring an additional 766 shares during the period. Finally, MUFG Securities EMEA plc grew its position in Exelon by 68.4% in the fourth quarter. MUFG Securities EMEA plc now owns 281,302 shares of the energy giant’s stock worth $12,687,000 after acquiring an additional 114,217 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

In other news, EVP Joseph Nigro sold 53,800 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paymon Aliabadi sold 17,500 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total value of $837,900.00. Following the transaction, the executive vice president now owns 67,548 shares of the company’s stock, valued at $3,234,198.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,800 shares of company stock valued at $4,352,142. Company insiders own 0.27% of the company’s stock.

EXC has been the subject of several analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $49.00 price objective on shares of Exelon in a research report on Tuesday, February 12th. Wells Fargo & Co reiterated a “hold” rating on shares of Exelon in a research report on Friday, February 8th. Morgan Stanley increased their price objective on Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research report on Wednesday, January 23rd. Finally, Goldman Sachs Group upgraded Exelon from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $43.00 to $47.00 in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.82.

EXC opened at $50.47 on Friday. Exelon Co. has a 52 week low of $39.10 and a 52 week high of $51.03. The firm has a market cap of $48.95 billion, a PE ratio of 16.18, a PEG ratio of 3.22 and a beta of 0.37. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.04.

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. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Exelon Co. will post 3.13 earnings per share for the current fiscal year.

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Exelon 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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