Accident Compensation Corp lowered its stake in Exelon Corporation (NYSE:EXC) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,014 shares of the energy giant’s stock after selling 5,303 shares during the period. Exelon accounts for 2.4% of Accident Compensation Corp’s portfolio, making the stock its 5th largest position. Accident Compensation Corp’s holdings in Exelon were worth $8,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EXC. Andra AP fonden grew its holdings in Exelon by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after acquiring an additional 11,600 shares during the period. Heartland Advisors Inc. grew its holdings in Exelon by 3.9% during the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after acquiring an additional 13,982 shares during the period. Calamos Advisors LLC grew its holdings in Exelon by 667.0% during the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock worth $25,765,000 after acquiring an additional 621,188 shares during the period. Toronto Dominion Bank grew its holdings in Exelon by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock worth $52,426,000 after acquiring an additional 283,664 shares during the period. Finally, State of Wisconsin Investment Board grew its holdings in Exelon by 6.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock worth $48,609,000 after acquiring an additional 80,586 shares during the period. 77.45% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on EXC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Bank of America initiated coverage on shares of Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. SunTrust Banks reissued a “buy” rating and set a $41.00 price target on shares of Exelon in a research report on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $41.00 price target on shares of Exelon in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $40.64.

In related news, Chairman Mayo A. Shattuck III sold 567,070 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $40.12, for a total value of $22,750,848.40. Following the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at approximately $29,969,078.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 1,312,787 shares of company stock worth $52,683,909 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Shares of Exelon Corporation (NYSE EXC) traded down $0.31 during midday trading on Wednesday, hitting $41.25. 6,139,600 shares of the stock were exchanged, compared to its average volume of 4,857,470. The company has a market capitalization of $39,901.25, a PE ratio of 16.76, a price-to-earnings-growth ratio of 3.62 and a beta of 0.30. Exelon Corporation has a 52 week low of $32.97 and a 52 week high of $42.67. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. analysts forecast that Exelon Corporation will post 2.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a yield of 3.18%. Exelon’s dividend payout ratio is currently 58.74%.

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About Exelon

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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