Advisory Services Network LLC Acquires 2,981 Shares of Exelon Co. (NYSE:EXC)

Advisory Services Network LLC lifted its position in shares of Exelon Co. (NYSE:EXC) by 74.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,986 shares of the energy giant’s stock after purchasing an additional 2,981 shares during the period. Advisory Services Network LLC’s holdings in Exelon were worth $350,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EXC. Vanguard Group Inc lifted its stake in shares of Exelon by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock worth $3,375,540,000 after purchasing an additional 1,309,965 shares during the period. BlackRock Inc. increased its holdings in Exelon by 4.6% in the 4th quarter. BlackRock Inc. now owns 75,231,069 shares of the energy giant’s stock worth $3,392,922,000 after acquiring an additional 3,305,035 shares in the last quarter. AQR Capital Management LLC increased its holdings in Exelon by 37.0% in the 1st quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock worth $1,216,738,000 after acquiring an additional 6,567,683 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Exelon by 4.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,107,490 shares of the energy giant’s stock worth $906,848,000 after acquiring an additional 868,290 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Exelon by 7.3% in the 1st quarter. Northern Trust Corp now owns 12,984,265 shares of the energy giant’s stock worth $650,901,000 after acquiring an additional 887,524 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

NYSE:EXC traded down $0.18 during mid-day trading on Monday, reaching $48.88. 4,664,169 shares of the stock were exchanged, compared to its average volume of 5,208,795. The company has a 50 day moving average of $49.24. The firm has a market capitalization of $47.46 billion, a PE ratio of 15.67, a P/E/G ratio of 4.32 and a beta of 0.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. Exelon Co. has a 1 year low of $40.97 and a 1 year high of $51.18.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.87. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The firm had revenue of $9.48 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts expect that Exelon Co. will post 3.14 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Barclays reissued a “top pick” rating and set a GBX 3,250 ($42.47) price target on shares of in a research report on Wednesday, June 19th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock a “hold” rating in a report on Friday, June 14th. Mizuho lowered their target price on shares of Depomed from $6.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. KeyCorp started coverage on shares of Southern in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $49.84.

In related news, EVP Kenneth W. Cornew sold 54,300 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the sale, the executive vice president now directly owns 97,813 shares of the company’s stock, valued at approximately $4,873,043.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at $1,919,352.29. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

About Exelon

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.

Read More: Asset Allocation

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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