Toronto Dominion Bank lowered its position in shares of Exelon Corporation (NYSE:EXC) by 75.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 364,048 shares of the energy giant’s stock after selling 1,089,684 shares during the quarter. Toronto Dominion Bank’s holdings in Exelon Corporation were worth $13,711,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sandy Spring Bank grew its holdings in Exelon Corporation by 10.1% during the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the period. V Wealth Management LLC acquired a new position in Exelon Corporation during the second quarter valued at approximately $111,000. Sterling Investment Advisors Ltd. grew its holdings in Exelon Corporation by 1.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the period. Hudock Capital Group LLC grew its holdings in Exelon Corporation by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the period. Finally, Live Your Vision LLC grew its holdings in Exelon Corporation by 0.9% during the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 77.37% of the company’s stock.
In other news, Chairman Mayo A. Shattuck III sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total value of $4,113,000.00. Following the sale, the chairman now owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares in the company, valued at approximately $1,523,550.39. The disclosure for this sale can be found here. In the last three months, insiders sold 1,312,787 shares of company stock worth $52,683,909. 0.70% of the stock is currently owned by insiders.
Shares of Exelon Corporation (NYSE:EXC) traded up $0.79 during mid-day trading on Tuesday, hitting $42.09. 5,310,200 shares of the stock were exchanged, compared to its average volume of 4,864,724. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market capitalization of $39,651.63, a price-to-earnings ratio of 16.65, a PEG ratio of 3.59 and a beta of 0.31. Exelon Corporation has a twelve month low of $29.84 and a twelve month high of $42.18.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. equities analysts predict that Exelon Corporation will post 2.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is presently 58.74%.
EXC has been the subject of a number of analyst reports. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. Finally, ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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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