Standard Family Office LLC Sells 2,098 Shares of Exelon Co. (NASDAQ:EXC)

Standard Family Office LLC lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 62.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235 shares of the company’s stock after selling 2,098 shares during the quarter. Standard Family Office LLC’s holdings in Exelon were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Burleson & Company LLC bought a new position in shares of Exelon during the first quarter valued at approximately $43,000. M&G Investment Management Ltd. raised its holdings in shares of Exelon by 0.6% during the first quarter. M&G Investment Management Ltd. now owns 469,852 shares of the company’s stock valued at $20,673,000 after acquiring an additional 2,868 shares in the last quarter. Elo Mutual Pension Insurance Co raised its holdings in Exelon by 1.6% in the first quarter. Elo Mutual Pension Insurance Co now owns 70,381 shares of the company’s stock worth $3,078,000 after purchasing an additional 1,096 shares in the last quarter. Perpetual Investment Management Ltd raised its holdings in Exelon by 1.0% in the first quarter. Perpetual Investment Management Ltd now owns 241,810 shares of the company’s stock worth $10,547,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Exelon by 31.0% in the first quarter. Essex Financial Services Inc. now owns 7,454 shares of the company’s stock worth $326,000 after purchasing an additional 1,765 shares in the last quarter. Institutional investors own 78.90% of the company’s stock.

NASDAQ EXC opened at $46.71 on Friday. Exelon Co. has a 12 month low of $33.97 and a 12 month high of $46.96. The stock has a market capitalization of $45.64 billion, a PE ratio of 42.08, a P/E/G ratio of 5.19 and a beta of 0.44. The business has a fifty day moving average of $45.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.96.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, May 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Exelon had a return on equity of 6.44% and a net margin of 3.20%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts expect that Exelon Co. will post 2.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Friday, May 14th were given a dividend of $0.3825 per share. The ex-dividend date was Thursday, May 13th. This represents a $1.53 annualized dividend and a dividend yield of 3.28%. Exelon’s dividend payout ratio (DPR) is presently 47.52%.

In other Exelon news, CEO Michael Innocenzo sold 16,000 shares of the stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $44.99, for a total value of $719,840.00. Following the transaction, the chief executive officer now owns 56,382 shares of the company’s stock, valued at $2,536,626.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carim V. Khouzami sold 12,239 shares of the stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $42.88, for a total value of $524,808.32. Following the completion of the transaction, the chief executive officer now directly owns 635 shares in the company, valued at approximately $27,228.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

A number of equities analysts have issued reports on the company. Credit Suisse Group decreased their price objective on Exelon from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, March 1st. Wells Fargo & Company increased their price objective on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 7th. Morgan Stanley decreased their price objective on Exelon from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 18th. TheStreet downgraded Exelon from a “b” rating to a “c+” rating in a report on Thursday, March 18th. Finally, Mizuho decreased their price objective on Exelon from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Friday, June 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Exelon has an average rating of “Buy” and an average target price of $46.00.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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 (NASDAQ:EXC)

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