Xact Kapitalforvaltning AB Sells 21,170 Shares of Exelon Co. (EXC)

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Xact Kapitalforvaltning AB lowered its stake in shares of Exelon Co. (NYSE:EXC) by 19.9% during the third quarter, Holdings Channel reports. The institutional investor owned 85,055 shares of the energy giant’s stock after selling 21,170 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Exelon were worth $3,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Credit Agricole S A boosted its stake in Exelon by 24.5% during the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock worth $265,000 after buying an additional 1,225 shares during the last quarter. IFP Advisors Inc boosted its stake in Exelon by 4.2% during the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock worth $1,318,000 after buying an additional 1,234 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in Exelon by 4.5% during the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock worth $1,218,000 after buying an additional 1,235 shares during the last quarter. Lincoln National Corp boosted its stake in Exelon by 13.2% during the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock worth $454,000 after buying an additional 1,240 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Exelon by 18.5% during the second quarter. Park Avenue Securities LLC now owns 7,981 shares of the energy giant’s stock worth $342,000 after buying an additional 1,247 shares during the last quarter. 78.81% of the stock is currently owned by institutional investors.

EXC stock opened at $44.13 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $41.61 billion, a P/E ratio of 16.97, a PEG ratio of 2.45 and a beta of 0.24. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.05.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. On average, research analysts expect that Exelon Co. will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. Exelon’s dividend payout ratio is presently 53.08%.

Several equities analysts have recently commented on the company. Scotiabank reaffirmed a “sector outperform” rating on shares of Exelon in a research note on Wednesday, July 25th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Howard Weil assumed coverage on Exelon in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 price target on the stock. Barclays assumed coverage on Exelon in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $51.00 price target on shares of Exelon in a research note on Monday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.50.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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