Livforsakringsbolaget Skandia Omsesidigt Purchases 1,300 Shares of Exelon Co. (NYSE:EXC)

Livforsakringsbolaget Skandia Omsesidigt raised its position in Exelon Co. (NYSE:EXC) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,537 shares of the energy giant’s stock after purchasing an additional 1,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Exelon were worth $1,032,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in shares of Exelon by 3,771.2% during the first quarter. Rockefeller Capital Management L.P. now owns 30,195 shares of the energy giant’s stock worth $1,514,000 after acquiring an additional 29,415 shares in the last quarter. Capital Investment Advisors LLC bought a new position in Exelon in the second quarter valued at $247,000. USS Investment Management Ltd grew its position in Exelon by 247.6% in the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after purchasing an additional 625,681 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Exelon by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,156,262 shares of the energy giant’s stock valued at $208,353,000 after purchasing an additional 70,124 shares in the last quarter. Finally, Bank of Edwardsville bought a new position in Exelon in the first quarter valued at $1,166,000. 79.67% of the stock is owned by institutional investors.

EXC stock traded down $0.26 during trading hours on Wednesday, reaching $45.79. The stock had a trading volume of 119,944 shares, compared to its average volume of 5,543,646. The company has a market capitalization of $44.71 billion, a PE ratio of 14.67, a PEG ratio of 4.08 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average is $48.58. Exelon Co. has a fifty-two week low of $41.72 and a fifty-two week high of $51.18.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. As a group, sell-side analysts predict that Exelon Co. will post 3.11 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on EXC shares. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and raised their target price for the company from $48.00 to $52.00 in a research report on Thursday, June 6th. ValuEngine raised shares of Worldline from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Wells Fargo & Co set a $68.00 target price on shares of Emergent Biosolutions and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Mizuho decreased their target price on shares of Depomed from $6.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Finally, Morgan Stanley set a $18.00 target price on shares of PG&E and gave the company a “hold” rating in a research report on Friday, June 14th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.96.

In other news, EVP Kenneth W. Cornew sold 54,300 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the completion of the sale, the executive vice president now owns 97,813 shares in the company, valued at approximately $4,873,043.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the sale, the chief executive officer now owns 40,331 shares of the company’s stock, valued at approximately $1,919,352.29. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Exelon 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.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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