First Trust Advisors LP Sells 165,655 Shares of Exelon Co. (EXC)

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First Trust Advisors LP reduced its stake in shares of Exelon Co. (NYSE:EXC) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,081,147 shares of the energy giant’s stock after selling 165,655 shares during the quarter. First Trust Advisors LP’s holdings in Exelon were worth $54,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wetherby Asset Management Inc. grew its stake in Exelon by 2.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 13,844 shares of the energy giant’s stock worth $694,000 after buying an additional 328 shares during the last quarter. Shell Asset Management Co. boosted its position in Exelon by 1.7% during the 1st quarter. Shell Asset Management Co. now owns 220,165 shares of the energy giant’s stock worth $11,037,000 after acquiring an additional 3,770 shares during the period. Martingale Asset Management L P boosted its position in Exelon by 5.7% during the 1st quarter. Martingale Asset Management L P now owns 1,215,345 shares of the energy giant’s stock worth $60,926,000 after acquiring an additional 65,773 shares during the period. Piedmont Investment Advisors Inc. boosted its position in Exelon by 0.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 212,728 shares of the energy giant’s stock worth $10,664,000 after acquiring an additional 1,893 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in Exelon by 28.8% during the 1st quarter. Catalyst Capital Advisors LLC now owns 322,000 shares of the energy giant’s stock worth $16,142,000 after acquiring an additional 72,000 shares during the period. Hedge funds and other institutional investors own 79.79% of the company’s stock.

In other news, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the sale, the executive vice president now directly owns 99,574 shares of the company’s stock, valued at $4,937,874.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paymon Aliabadi sold 17,500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $48.36, for a total value of $846,300.00. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

A number of research analysts have issued reports on EXC shares. SunTrust Banks reiterated a “hold” rating and set a $49.00 price target on shares of Exelon in a research report on Tuesday, February 12th. Wells Fargo & Co reiterated a “hold” rating on shares of Exelon in a research report on Friday, February 8th. Mizuho boosted their price target on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Morgan Stanley boosted their price target on Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 12th. Finally, Goldman Sachs Group upgraded Exelon from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $43.00 to $47.00 in a research report on Tuesday, April 9th. 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 currently has a consensus rating of “Buy” and a consensus target price of $48.97.

Shares of Exelon stock opened at $49.56 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $48.12 billion, a PE ratio of 15.88, a PEG ratio of 4.19 and a beta of 0.37. Exelon Co. has a fifty-two week low of $39.63 and a fifty-two week high of $51.03.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts anticipate that Exelon Co. will post 3.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.3625 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.45 annualized dividend and a dividend yield of 2.93%. Exelon’s dividend payout ratio (DPR) is 46.47%.

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Exelon Company 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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