Huber Capital Management LLC reduced its stake in shares of Exelon Corporation (NYSE:EXC) by 13.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 908,913 shares of the energy giant’s stock after selling 144,700 shares during the quarter. Exelon comprises about 1.9% of Huber Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Huber Capital Management LLC owned 0.09% of Exelon worth $34,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in EXC. Sandy Spring Bank grew its stake in shares of Exelon by 10.1% during the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of Exelon by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the period. Hudock Capital Group LLC boosted its holdings in shares of Exelon by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the period. Live Your Vision LLC boosted its holdings in shares of Exelon by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 26 shares during the period. Finally, AGF Investments Inc. purchased a new stake in shares of Exelon in the second quarter valued at approximately $150,000. 77.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE EXC) traded up $0.12 during mid-day trading on Monday, hitting $41.83. The stock had a trading volume of 5,908,700 shares, compared to its average volume of 4,851,590. The firm has a market capitalization of $40,160.48, a P/E ratio of 16.87, a PEG ratio of 3.64 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. Exelon Corporation has a 1-year low of $32.67 and a 1-year high of $42.67.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, November 14th. Exelon’s payout ratio is 58.74%.
In related news, Chairman Mayo A. Shattuck III sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the transaction, the chairman now directly owns 267,649 shares of the company’s stock, valued at approximately $11,008,403.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,312,787 shares of company stock worth $52,683,909. 0.70% of the stock is owned by insiders.
A number of analysts recently issued reports on EXC shares. Barclays reiterated an “overweight” rating and issued a $44.00 price target (up previously from $43.00) on shares of Exelon in a report on Wednesday, August 9th. BidaskClub upgraded Exelon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp restated a “buy” rating and set a $41.00 target price on shares of Exelon in a report on Friday, September 1st. Morgan Stanley upped their target price on Exelon from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.64.
Exelon Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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