Carnick & Kubik Group LLC Sells 27,450 Shares of Exelon Co. (NYSE:EXC)

Carnick & Kubik Group LLC cut its holdings in Exelon Co. (NYSE:EXC) by 30.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,663 shares of the energy giant’s stock after selling 27,450 shares during the period. Carnick & Kubik Group LLC’s holdings in Exelon were worth $2,956,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Bank & Trust purchased a new position in shares of Exelon during the 1st quarter worth about $25,000. Centersquare Investment Management LLC purchased a new position in shares of Exelon during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Exelon during the 1st quarter worth about $29,000. Manchester Financial Inc. purchased a new position in shares of Exelon during the 2nd quarter worth about $30,000. Finally, Weaver Consulting Group purchased a new position in shares of Exelon during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.

In other news, EVP Kenneth W. Cornew sold 54,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total value of $2,705,226.00. Following the completion of the sale, the executive vice president now owns 97,813 shares of the company’s stock, valued at approximately $4,873,043.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly 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. 0.27% of the stock is owned by insiders.

A number of equities analysts recently commented on EXC shares. KeyCorp started coverage on shares of Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. Mizuho lifted their price target on shares of Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Morgan Stanley boosted their price objective on shares of Exelon from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, June 14th. Finally, ValuEngine cut shares of Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.96.

Exelon stock opened at $45.20 on Friday. The stock has a market cap of $44.13 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 3.79 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. Exelon Co. has a 1 year low of $42.19 and a 1 year high of $51.18. The firm has a 50-day moving average of $47.54.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. Exelon’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. On average, research analysts predict that Exelon Co. will post 3.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.363 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.45 annualized dividend and a yield of 3.21%. Exelon’s dividend payout ratio (DPR) is 46.47%.

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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