Eqis Capital Management Inc. Boosts Stock Position in Exelon Co. (NYSE:EXC)

Eqis Capital Management Inc. lifted its stake in Exelon Co. (NYSE:EXC) by 18.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,844 shares of the energy giant’s stock after buying an additional 3,205 shares during the quarter. Eqis Capital Management Inc.’s holdings in Exelon were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altium Wealth Management LLC grew its holdings in Exelon by 19.2% during the 2nd quarter. Altium Wealth Management LLC now owns 8,944 shares of the energy giant’s stock valued at $429,000 after buying an additional 1,442 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Exelon by 6.5% during the 2nd quarter. Moors & Cabot Inc. now owns 6,596 shares of the energy giant’s stock valued at $316,000 after buying an additional 404 shares in the last quarter. Foundry Partners LLC grew its holdings in Exelon by 31.1% during the 2nd quarter. Foundry Partners LLC now owns 624,543 shares of the energy giant’s stock valued at $29,941,000 after buying an additional 148,215 shares in the last quarter. Bank of The West grew its holdings in Exelon by 2.7% during the 2nd quarter. Bank of The West now owns 12,272 shares of the energy giant’s stock valued at $588,000 after buying an additional 319 shares in the last quarter. Finally, Capital Investment Advisors LLC purchased a new position in Exelon during the 2nd quarter valued at approximately $247,000. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

EXC opened at $44.65 on Friday. The business has a fifty day moving average of $46.98 and a 200 day moving average of $48.67. Exelon Co. has a 52-week low of $42.19 and a 52-week high of $51.18. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The stock has a market cap of $44.23 billion, a P/E ratio of 14.31, a PEG ratio of 3.80 and a beta of 0.31.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Exelon’s revenue was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, August 14th. Exelon’s payout ratio is currently 46.47%.

A number of brokerages have recently commented on EXC. Goldman Sachs Group upgraded 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. KeyCorp began coverage on Exelon in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Morgan Stanley lifted their target price on Exelon from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, June 14th. Mizuho lifted their target price on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Finally, Barclays upgraded Exelon from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $54.00 to $52.00 in a report on Tuesday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.82.

In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of Exelon stock in a transaction on Friday, June 28th. The stock was sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the completion of the sale, the chief executive officer now directly owns 40,331 shares of the company’s stock, valued at approximately $1,919,352.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of Exelon stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total value 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 $4,873,043.66. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Exelon Profile

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.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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