Integrity Alliance LLC. Cuts Position in Exelon Corporation $EXC

Integrity Alliance LLC. decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 72.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,077 shares of the company’s stock after selling 13,035 shares during the period. Integrity Alliance LLC.’s holdings in Exelon were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXC. Edgestream Partners L.P. boosted its holdings in Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after purchasing an additional 150,876 shares during the period. Arizona State Retirement System grew its position in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after buying an additional 10,176 shares during the last quarter. Cerity Partners LLC grew its position in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after buying an additional 63,009 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Exelon during the 1st quarter valued at about $47,789,000. Finally, Intech Investment Management LLC grew its position in shares of Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC opened at $46.12 on Monday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a fifty day moving average of $45.22 and a 200-day moving average of $44.54.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, equities analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Exelon’s dividend payout ratio (DPR) is 60.84%.

Analyst Ratings Changes

EXC has been the subject of a number of recent research reports. Jefferies Financial Group set a $57.00 price objective on shares of Exelon in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research report on Friday. TD Cowen started coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Barclays boosted their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Evercore ISI started coverage on shares of Exelon in a report on Monday, October 6th. They set an “outperform” rating and a $57.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon has an average rating of “Moderate Buy” and an average target price of $50.55.

About Exelon

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.