CHICAGO TRUST Co NA cut its holdings in Exelon Co. (NYSE:EXC) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,406 shares of the energy giant’s stock after selling 929 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Exelon were worth $355,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. First Bank & Trust bought a new stake in Exelon in the first quarter worth approximately $25,000. Centersquare Investment Management LLC purchased a new position in shares of Exelon during the first quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Exelon during the first quarter valued at approximately $29,000. Manchester Financial Inc. purchased a new position in shares of Exelon during the second quarter valued at approximately $30,000. Finally, Weaver Consulting Group purchased a new position in shares of Exelon during the first quarter valued at approximately $31,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on EXC shares. Barclays reaffirmed a “top pick” rating and set a GBX 3,250 ($42.47) target price on shares of in a research report on Wednesday, June 19th. Mizuho lowered their target price on Depomed from $6.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, May 16th. KeyCorp started coverage on Southern in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. ValuEngine upgraded Worldline from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $52.00 in a research note on Thursday, June 6th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.96.
In other news, CEO Calvin Butler, Jr. sold 31,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the transaction, the chief executive officer now directly owns 40,331 shares in the company, valued at approximately $1,919,352.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total value of $2,705,226.00. Following the completion of the transaction, the executive vice president now 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 currently owned by corporate insiders.
Exelon stock traded down $0.31 during midday trading on Friday, hitting $45.82. 282,563 shares of the company’s stock were exchanged, compared to its average volume of 5,467,797. Exelon Co. has a 52-week low of $41.65 and a 52-week high of $51.18. The stock’s 50-day moving average price is $49.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.89 and a current ratio of 1.02. The firm has a market capitalization of $44.68 billion, a P/E ratio of 14.74, a P/E/G ratio of 4.05 and a beta of 0.37.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The business had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, research analysts expect that Exelon Co. will post 3.11 earnings per share for the current year.
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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