Baird Financial Group Inc. Decreases Stake in Exelon Co. (EXC)

Baird Financial Group Inc. lowered its position in shares of Exelon Co. (NYSE:EXC) by 8.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,183 shares of the energy giant’s stock after selling 5,373 shares during the quarter. Baird Financial Group Inc.’s holdings in Exelon were worth $2,351,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Landaas & Co. WI ADV purchased a new position in Exelon in the 2nd quarter worth approximately $116,000. Private Capital Group LLC boosted its holdings in Exelon by 836.4% in the 1st quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after acquiring an additional 3,011 shares during the period. Summit Trail Advisors LLC boosted its holdings in Exelon by 2,718.1% in the 1st quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock worth $154,000 after acquiring an additional 148,707 shares during the period. Credit Agricole S A purchased a new position in Exelon in the 1st quarter worth approximately $195,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Exelon in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

A number of equities analysts have weighed in on the company. Scotiabank restated a “sector outperform” rating on shares of Exelon in a report on Wednesday, July 25th. Zacks Investment Research cut Exelon from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Howard Weil assumed coverage on Exelon in a report on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 price target for the company. Barclays started coverage on Exelon in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price target for the company. Finally, SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.19.

Exelon stock opened at $44.08 on Friday. The company has a market cap of $42.62 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 2.51 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03. Exelon Co. has a 52 week low of $35.57 and a 52 week high of $45.05.

Exelon (NYSE:EXC) last released its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. analysts forecast that Exelon Co. will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, August 14th. Exelon’s dividend payout ratio (DPR) is currently 53.08%.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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