Mesirow Financial Investment Management Inc. Sells 50,667 Shares of Exelon Corporation $EXC

Mesirow Financial Investment Management Inc. reduced its stake in shares of Exelon Corporation (NASDAQ:EXC) by 49.8% in the second quarter, Holdings Channel reports. The fund owned 51,083 shares of the company’s stock after selling 50,667 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Exelon were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Edgestream Partners L.P. lifted its stake in shares of Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after buying an additional 150,876 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after buying an additional 10,176 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after buying an additional 63,009 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Exelon during the 1st quarter valued at approximately $47,789,000. Finally, Intech Investment Management LLC lifted its stake in shares of Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen assumed coverage on shares of Exelon in a research note on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday. BTIG Research started coverage on shares of Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Barclays increased their target price on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.55.

Exelon Stock Performance

NASDAQ EXC opened at $46.12 on Friday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The stock has a market capitalization of $46.58 billion, a PE ratio of 17.54, a P/E/G ratio of 2.93 and a beta of 0.40. The company’s 50 day simple moving average is $45.22 and its two-hundred day simple moving average is $44.56.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. During the same period in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is 60.84%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.