Highbridge Capital Management LLC Sells 196,256 Shares of Exelon Co. (EXC)

Highbridge Capital Management LLC cut its position in shares of Exelon Co. (NYSE:EXC) by 33.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,205 shares of the energy giant’s stock after selling 196,256 shares during the quarter. Highbridge Capital Management LLC’s holdings in Exelon were worth $14,511,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Andra AP fonden grew its position in Exelon by 7.8% during the third quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after buying an additional 11,600 shares in the last quarter. Heartland Advisors Inc. lifted its stake in Exelon by 3.9% during the second quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after purchasing an additional 13,982 shares during the period. Calamos Advisors LLC lifted its stake in Exelon by 667.0% during the second quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock worth $25,765,000 after purchasing an additional 621,188 shares during the period. Toronto Dominion Bank lifted its stake in Exelon by 24.2% during the second quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock worth $52,426,000 after purchasing an additional 283,664 shares during the period. Finally, State of Wisconsin Investment Board lifted its stake in Exelon by 6.7% during the third quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock worth $48,609,000 after purchasing an additional 80,586 shares during the period. 77.45% of the stock is currently owned by institutional investors and hedge funds.

Exelon Co. (EXC) opened at $41.05 on Monday. Exelon Co. has a one year low of $33.30 and a one year high of $42.67. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The stock has a market cap of $39,411.61, a P/E ratio of 16.55, a PEG ratio of 3.57 and a beta of 0.30.

Exelon (NYSE:EXC) last posted its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue was down 2.6% on a year-over-year basis. sell-side analysts forecast that Exelon Co. will post 2.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, November 14th. Exelon’s dividend payout ratio (DPR) is currently 58.74%.

In related news, Chairman Mayo A. Shattuck III sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.13, for a total value of $4,113,000.00. Following the completion of the transaction, the chairman now owns 267,649 shares in the company, valued at approximately $11,008,403.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The disclosure for this sale can be found here. Insiders sold 1,312,788 shares of company stock valued at $52,714,749 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on EXC. Royal Bank Of Canada restated a “buy” rating and set a $43.00 price target on shares of Exelon in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Bank of America began coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $41.00 price target on shares of Exelon in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $40.64.

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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.

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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