ClariVest Asset Management LLC Sells 673 Shares of Exelon Co. (NYSE:EXC)

ClariVest Asset Management LLC trimmed its holdings in Exelon Co. (NYSE:EXC) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,953 shares of the energy giant’s stock after selling 673 shares during the period. ClariVest Asset Management LLC’s holdings in Exelon were worth $1,051,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. First Bank & Trust bought a new stake in shares of Exelon in the 1st quarter valued at about $25,000. Centersquare Investment Management LLC acquired a new stake in Exelon during the 1st quarter valued at $26,000. Braun Bostich & Associates Inc. grew its holdings in Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after purchasing an additional 209 shares in the last quarter. Capital Financial Planning LLC acquired a new stake in Exelon during the 4th quarter valued at $29,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Exelon during the 1st quarter valued at $29,000. 79.75% of the stock is owned by institutional investors and hedge funds.

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

Several analysts recently commented on the stock. Wells Fargo & Co upgraded shares of Exelon from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $57.00 in a report on Tuesday, April 2nd. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and boosted their target price for the company from $48.00 to $52.00 in a research note on Thursday, June 6th. Mizuho boosted their target price on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Morgan Stanley upped their price target on shares of Exelon from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Finally, KeyCorp started coverage on shares of Exelon in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $49.84.

Shares of EXC traded up $0.17 during mid-day trading on Friday, hitting $49.20. 4,583,364 shares of the company’s stock were exchanged, compared to its average volume of 5,058,205. The firm has a market capitalization of $47.77 billion, a P/E ratio of 15.77, a PEG ratio of 4.34 and a beta of 0.37. Exelon Co. has a 52 week low of $40.97 and a 52 week high of $51.18. The stock has a 50-day moving average of $49.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.89 and a current ratio of 1.02.

Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the business earned $0.96 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Exelon Co. will post 3.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, May 14th. Exelon’s dividend payout ratio is presently 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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