QRG Capital Management Inc. Sells 38,345 Shares of Exelon Co. (NASDAQ:EXC)

QRG Capital Management Inc. reduced its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,477 shares of the company's stock after selling 38,345 shares during the quarter. QRG Capital Management Inc.'s holdings in Exelon were worth $11,454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXC. Vanguard Group Inc. lifted its stake in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the period. Lazard Asset Management LLC grew its position in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company's stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company's stock valued at $183,606,000 after purchasing an additional 113,428 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company's stock valued at $164,623,000 after purchasing an additional 193,223 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock worth $124,024,000 after acquiring an additional 3,115,763 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 1.3 %

Shares of Exelon stock traded up $0.50 during midday trading on Tuesday, hitting $38.47. The company's stock had a trading volume of 4,590,901 shares, compared to its average volume of 6,763,616. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $38.66 billion, a P/E ratio of 15.83, a PEG ratio of 2.72 and a beta of 0.54. The stock has a 50-day simple moving average of $39.66 and a 200-day simple moving average of $37.74.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.67 EPS. As a group, sell-side analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.95%. Exelon's payout ratio is 62.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXC. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Scotiabank lifted their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.33.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.