Renaissance Investment Consultants Holding Company LLC Sells 2,157 Shares of Exelon Co. (NYSE:EXC)

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Renaissance Investment Consultants Holding Company LLC lessened its holdings in Exelon Co. (NYSE:EXC) by 23.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,996 shares of the energy giant’s stock after selling 2,157 shares during the period. Renaissance Investment Consultants Holding Company LLC’s holdings in Exelon were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Chartwell Investment Partners LLC increased its position in shares of Exelon by 1.1% in the second quarter. Chartwell Investment Partners LLC now owns 370,436 shares of the energy giant’s stock worth $13,443,000 after purchasing an additional 3,878 shares during the period. Pacer Advisors Inc. increased its position in shares of Exelon by 98.3% in the second quarter. Pacer Advisors Inc. now owns 159,365 shares of the energy giant’s stock worth $5,783,000 after purchasing an additional 78,992 shares during the period. Intact Investment Management Inc. increased its position in shares of Exelon by 12.0% in the second quarter. Intact Investment Management Inc. now owns 155,300 shares of the energy giant’s stock worth $5,634,000 after purchasing an additional 16,600 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Exelon by 11.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 13,301 shares of the energy giant’s stock worth $483,000 after purchasing an additional 1,414 shares during the period. Finally, Costello Asset Management INC bought a new position in shares of Exelon in the second quarter worth $471,000. Institutional investors and hedge funds own 78.99% of the company’s stock.

Shares of EXC traded up $0.14 during trading hours on Friday, reaching $38.61. The stock had a trading volume of 9,205,194 shares, compared to its average volume of 6,622,913. Exelon Co. has a 12 month low of $29.28 and a 12 month high of $50.54. The stock has a market capitalization of $37.62 billion, a PE ratio of 12.38, a PEG ratio of 4.50 and a beta of 0.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The company’s 50-day moving average is $37.62 and its two-hundred day moving average is $40.09.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Friday, May 8th. The energy giant reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. The company had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. Exelon’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. Equities analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.3825 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.53 annualized dividend and a dividend yield of 3.96%. Exelon’s payout ratio is 49.04%.

A number of research analysts recently commented on the company. Zacks Investment Research cut Exelon from a “buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Tuesday, May 5th. Wells Fargo & Co reduced their price objective on Exelon from $59.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Bank of America lowered Exelon from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Tuesday, July 21st. BMO Capital Markets reduced their price objective on Exelon from $49.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Vertical Research raised Exelon from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Exelon currently has a consensus rating of “Buy” and a consensus price target of $46.33.

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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