Ropes Wealth Advisors LLC Purchases 1,000 Shares of Exelon Co. (NYSE:EXC)

Ropes Wealth Advisors LLC boosted its position in shares of Exelon Co. (NYSE:EXC) by 35.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,800 shares of the energy giant’s stock after buying an additional 1,000 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Exelon were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HL Financial Services LLC increased its holdings in shares of Exelon by 3.2% in 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 last quarter. Coldstream Capital Management Inc. increased 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 purchasing an additional 212 shares during the last quarter. Trust Co. of Toledo NA OH increased 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 purchasing an additional 218 shares during the last quarter. Tortoise Investment Management LLC increased 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 purchasing an additional 234 shares during the last quarter. Finally, Bollard Group LLC increased 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 purchasing an additional 237 shares during the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

EXC stock traded down $0.34 during midday trading on Wednesday, hitting $44.87. The company had a trading volume of 1,467,530 shares, compared to its average volume of 5,401,410. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. Exelon Co. has a 52 week low of $42.19 and a 52 week high of $51.18. The firm has a 50 day moving average price of $47.14. The company has a market capitalization of $43.92 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.77 and a beta of 0.31.



Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts predict that Exelon Co. will post 3.14 EPS 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 is Wednesday, August 14th. This represents a $1.45 annualized dividend and a yield of 3.24%. Exelon’s payout ratio is currently 46.47%.

In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the business’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 value of $1,475,290.00. Following the completion of the sale, the chief executive officer now owns 40,331 shares in the company, valued at $1,919,352.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Several equities analysts have commented on EXC shares. Mizuho upped their price objective on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Barclays upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $54.00 to $52.00 in a report on Tuesday. They noted that the move was a valuation call. KeyCorp started coverage on shares of Exelon in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Finally, Morgan Stanley upped their price objective 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.82.

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.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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