Wedge Capital Management L L P NC Acquires 31,690 Shares of Exelon Co. (EXC)

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Wedge Capital Management L L P NC lifted its holdings in Exelon Co. (NYSE:EXC) by 12.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 283,201 shares of the energy giant’s stock after purchasing an additional 31,690 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Exelon were worth $12,365,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Investment Partners LTD. purchased a new position in Exelon during the third quarter worth $212,000. CWM LLC boosted its stake in Exelon by 106.5% during the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock worth $116,000 after buying an additional 1,368 shares during the period. Landaas & Co. WI ADV purchased a new position in Exelon during the second quarter worth $116,000. Burt Wealth Advisors boosted its stake in Exelon by 81.6% during the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock worth $126,000 after buying an additional 1,296 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new position in Exelon during the third quarter worth $152,000. 78.89% of the stock is owned by hedge funds and other institutional investors.

Shares of EXC opened at $44.31 on Wednesday. The firm has a market cap of $41.97 billion, a PE ratio of 17.04, a P/E/G ratio of 2.46 and a beta of 0.26. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.05. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Analysts predict that Exelon Co. will post 3.12 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 3.11%. Exelon’s payout ratio is currently 53.08%.

EXC has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of Exelon from $48.00 to $47.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 26th. SunTrust Banks lowered shares of Exelon from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and set a $51.00 target price on shares of Exelon in a research note on Monday, July 23rd. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Finally, Scotiabank initiated coverage on shares of Exelon in a research note on Tuesday, July 24th. They set a “hold” rating and a $47.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Exelon currently has a consensus rating of “Hold” and a consensus price target of $45.83.

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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. 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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