Latitude Advisors LLC Buys Shares of 6,207 Exelon Co. (NASDAQ:EXC)

Latitude Advisors LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) during the third quarter, HoldingsChannel.com reports. The fund purchased 6,207 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Albion Financial Group UT acquired a new stake in shares of Exelon during the 2nd quarter worth $27,000. Penserra Capital Management LLC acquired a new stake in shares of Exelon during the 2nd quarter worth $27,000. Allworth Financial LP increased its holdings in shares of Exelon by 81.4% during the 2nd quarter. Allworth Financial LP now owns 673 shares of the company’s stock worth $30,000 after buying an additional 302 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Exelon by 108.4% during the 2nd quarter. Clearstead Advisors LLC now owns 792 shares of the company’s stock worth $35,000 after buying an additional 412 shares during the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of Exelon during the 2nd quarter worth $46,000. Institutional investors own 79.94% of the company’s stock.

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Exelon from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, October 12th. Mizuho upped their price target on shares of Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 15th. Zacks Investment Research cut shares of Exelon from a “strong-buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research report on Thursday, October 21st. Morgan Stanley upped their price target on shares of Exelon from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, November 22nd. Finally, BMO Capital Markets upped their price target on shares of Exelon from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, September 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $54.13.

In other news, EVP Joseph Nigro sold 13,000 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $53.49, for a total value of $695,370.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph Dominguez sold 16,000 shares of the company’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $54.39, for a total transaction of $870,240.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,000 shares of company stock valued at $16,810,260. 0.31% of the stock is currently owned by corporate insiders.

NASDAQ:EXC opened at $53.43 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.94 and a quick ratio of 0.83. The firm has a 50-day moving average of $51.46 and a two-hundred day moving average of $48.42. The stock has a market cap of $52.25 billion, a P/E ratio of 31.25, a PEG ratio of 5.10 and a beta of 0.48. Exelon Co. has a 1-year low of $38.35 and a 1-year high of $54.86.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). The firm had revenue of $8.91 billion during the quarter, compared to analysts’ expectations of $8.49 billion. Exelon had a net margin of 4.81% and a return on equity of 7.61%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Monday, November 15th will be given a $0.3825 dividend. The ex-dividend date of this dividend is Friday, November 12th. This represents a $1.53 dividend on an annualized basis and a yield of 2.86%. Exelon’s payout ratio is currently 89.47%.

Exelon Company Profile

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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