Bank of Montreal Can raised its holdings in Exelon Co. (NYSE:EXC) by 44.6% in the fourth quarter, Holdings Channel reports. The fund owned 6,241,334 shares of the energy giant’s stock after acquiring an additional 1,926,273 shares during the period. Bank of Montreal Can’s holdings in Exelon were worth $245,971,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Eaton Vance Management raised its holdings in Exelon by 1.5% during the 2nd quarter. Eaton Vance Management now owns 38,692 shares of the energy giant’s stock worth $1,396,000 after buying an additional 558 shares during the period. BT Investment Management Ltd acquired a new stake in Exelon during the 2nd quarter worth about $3,078,000. Laurion Capital Management LP acquired a new stake in Exelon during the 2nd quarter worth about $1,832,000. ProShare Advisors LLC raised its holdings in Exelon by 1.2% during the 2nd quarter. ProShare Advisors LLC now owns 158,516 shares of the energy giant’s stock worth $5,718,000 after buying an additional 1,831 shares during the period. Finally, Sandy Spring Bank raised its holdings in Exelon by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares during the period. 77.27% of the stock is owned by institutional investors.
In related news, Chairman Mayo A. Shattuck III sold 379,337 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total value of $15,192,446.85. Following the transaction, the chairman now owns 746,986 shares in the company, valued at $29,916,789.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.12, for a total value of $22,750,848.40. Following the completion of the transaction, the chairman now owns 746,986 shares in the company, valued at approximately $29,969,078.32. The disclosure for this sale can be found here. Insiders sold a total of 1,287,788 shares of company stock worth $51,778,749 in the last quarter. 0.70% of the stock is owned by corporate insiders.
Several research firms have issued reports on EXC. SunTrust Banks restated a “buy” rating and set a $41.00 price objective on shares of Exelon in a report on Thursday, October 12th. JPMorgan Chase & Co. boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Goldman Sachs Group downgraded Exelon from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.53.
Shares of Exelon Co. (NYSE EXC) traded up $0.08 on Tuesday, hitting $38.47. The stock had a trading volume of 7,737,250 shares, compared to its average volume of 6,541,240. The firm has a market cap of $36,960.00, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.09 and a beta of 0.30. Exelon Co. has a one year low of $33.30 and a one year high of $42.67. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. Exelon’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. equities analysts predict that Exelon Co. will post 2.66 earnings per share for the current year.
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Exelon Company Profile
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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