Klingenstein Fields & Co. LLC Has $363,000 Stake in Exelon Corporation (EXC)

Klingenstein Fields & Co. LLC Has $363,000 Stake in Exelon Corporation (EXC)

Klingenstein Fields & Co. LLC maintained its position in shares of Exelon Corporation (NYSE:EXC) during the third quarter, Holdings Channel reports. The firm owned 10,905 shares of the energy giant’s stock at the end of the third quarter. Klingenstein Fields & Co. LLC’s holdings in Exelon Corporation were worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in EXC. Hudock Capital Group LLC boosted its position in shares of Exelon Corporation by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock valued at $106,000 after buying an additional 14 shares in the last quarter. Cable Hill Partners LLC boosted its position in shares of Exelon Corporation by 3.7% in the second quarter. Cable Hill Partners LLC now owns 3,189 shares of the energy giant’s stock valued at $117,000 after buying an additional 114 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Exelon Corporation by 289.7% in the third quarter. Advisory Services Network LLC now owns 3,351 shares of the energy giant’s stock valued at $112,000 after buying an additional 2,491 shares in the last quarter. MU Investments Co. Ltd. purchased a new position in shares of Exelon Corporation during the third quarter valued at about $127,000. Finally, Daiwa SB Investments Ltd. purchased a new position in shares of Exelon Corporation during the third quarter valued at about $133,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.

Exelon Corporation (NYSE:EXC) opened at 35.08 on Friday. The firm has a market cap of $32.39 billion, a P/E ratio of 26.30 and a beta of 0.20. Exelon Corporation has a 1-year low of $29.26 and a 1-year high of $37.70. The stock’s 50 day moving average is $35.40 and its 200-day moving average is $34.31.

Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, October 26th. The energy giant reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $7.97 billion. Exelon Corporation had a return on equity of 8.81% and a net margin of 3.88%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Analysts forecast that Exelon Corporation will post $2.68 EPS for the current year.

Several equities analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Exelon Corporation in a research note on Wednesday. They issued an “outperform” rating and a $39.00 price objective on the stock. Zacks Investment Research raised shares of Exelon Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Monday, January 9th. RBC Capital Markets set a $40.00 price objective on shares of Exelon Corporation and gave the company a “buy” rating in a research note on Wednesday, January 4th. Jefferies Group LLC reissued a “buy” rating and issued a $39.50 price objective (up from $37.00) on shares of Exelon Corporation in a research note on Friday, December 23rd. Finally, Citigroup Inc. raised shares of Exelon Corporation from a “sell” rating to a “neutral” rating in a research note on Friday, December 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Exelon Corporation has a consensus rating of “Buy” and an average target price of $37.54.

In related news, Chairman Mayo A. Shattuck III sold 442,851 shares of Exelon Corporation stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $34.85, for a total transaction of $15,433,357.35. Following the transaction, the chairman now directly owns 660,500 shares of the company’s stock, valued at $23,018,425. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 68,519 shares of Exelon Corporation stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $33.89, for a total value of $2,322,108.91. Following the transaction, the chairman now directly owns 433,938 shares in the company, valued at $14,706,158.82. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Exelon Corporation Company Profile

Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).

Related posts

Leave a Comment