Exelon Co. (NYSE:EXC) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its holdings in Exelon Co. (NYSE:EXC) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,167 shares of the energy giant’s stock after selling 768 shares during the period. Raymond James Trust N.A.’s holdings in Exelon were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. First Bank & Trust purchased a new stake in shares of Exelon during the first quarter valued at $25,000. Centersquare Investment Management LLC acquired a new position in shares of Exelon during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Exelon during the 1st quarter worth about $29,000. Weaver Consulting Group acquired a new position in shares of Exelon during the 1st quarter worth about $31,000. Finally, Tortoise Investment Management LLC raised its position in shares of Exelon by 58.5% during the 1st quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock worth $32,000 after purchasing an additional 234 shares during the last quarter. 79.38% of the stock is owned by institutional investors.

In other Exelon news, EVP Kenneth W. Cornew sold 54,300 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $4,873,043.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 40,331 shares in the company, valued at $1,919,352.29. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Exelon from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday. KeyCorp assumed coverage on shares of Exelon in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Barclays upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $54.00 to $52.00 in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Finally, Mizuho increased their price objective on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.19.

NYSE:EXC opened at $45.28 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The stock has a market capitalization of $43.38 billion, a P/E ratio of 14.51, a PEG ratio of 3.73 and a beta of 0.31. The company has a 50 day moving average price of $46.77 and a 200 day moving average price of $48.60. Exelon Co. has a fifty-two week low of $42.19 and a fifty-two week high of $51.18.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Research analysts forecast that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.363 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.21%. Exelon’s payout ratio is currently 46.47%.

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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