Janus Henderson Group PLC cut its stake in Exelon Co. (NYSE:EXC) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,173,588 shares of the energy giant’s stock after selling 99,616 shares during the period. Janus Henderson Group PLC owned 0.43% of Exelon worth $200,083,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. HL Financial Services LLC grew its holdings in Exelon by 3.2% during the first quarter. HL Financial Services LLC now owns 6,387 shares of the energy giant’s stock valued at $320,000 after purchasing an additional 200 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Exelon by 3.1% in the first quarter. Coldstream Capital Management Inc. now owns 7,030 shares of the energy giant’s stock valued at $352,000 after buying an additional 212 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in shares of Exelon by 0.7% in the second quarter. Trust Co. of Toledo NA OH now owns 33,723 shares of the energy giant’s stock valued at $1,616,000 after buying an additional 218 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Exelon by 58.5% in the first quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock valued at $32,000 after buying an additional 234 shares during the period. Finally, Bollard Group LLC boosted its holdings in shares of Exelon by 0.7% in the first quarter. Bollard Group LLC now owns 33,094 shares of the energy giant’s stock valued at $1,659,000 after buying an additional 237 shares during the period. 79.43% of the stock is owned by institutional investors and hedge funds.
NYSE EXC traded down $0.57 on Wednesday, hitting $44.95. 156,348 shares of the stock were exchanged, compared to its average volume of 5,401,410. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The business has a fifty day simple moving average of $47.14. Exelon Co. has a 52 week low of $42.19 and a 52 week high of $51.18. The stock has a market capitalization of $43.92 billion, a P/E ratio of 14.38, a PEG ratio of 3.77 and a beta of 0.31.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a $0.363 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.45 annualized dividend and a dividend yield of 3.23%. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the completion of the transaction, the chief executive officer now owns 40,331 shares in the company, valued at approximately $1,919,352.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the transaction, the executive vice president now owns 97,813 shares of the company’s stock, valued at approximately $4,873,043.66. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
Several research firms have recently weighed in on EXC. ValuEngine cut shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Barclays upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $54.00 to $52.00 in a report on Tuesday. They noted that the move was a valuation call. KeyCorp began coverage on shares of Exelon in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Morgan Stanley upped their price target on shares of Exelon from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, June 14th. Finally, Mizuho upped their price target on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $49.82.
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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