Suntrust Banks Inc. Sells 7,874 Shares of Exelon Co. (NYSE:EXC)

Suntrust Banks Inc. cut its stake in Exelon Co. (NYSE:EXC) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,387 shares of the energy giant’s stock after selling 7,874 shares during the quarter. Suntrust Banks Inc.’s holdings in Exelon were worth $3,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EXC. MML Investors Services LLC lifted its position in shares of Exelon by 30.2% during the 3rd quarter. MML Investors Services LLC now owns 18,270 shares of the energy giant’s stock valued at $798,000 after buying an additional 4,241 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Exelon by 29.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 136,599 shares of the energy giant’s stock valued at $5,963,000 after buying an additional 31,421 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Exelon by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,962,057 shares of the energy giant’s stock valued at $85,662,000 after buying an additional 72,375 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Exelon by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock valued at $517,335,000 after buying an additional 689,774 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Exelon by 7.4% during the 3rd quarter. American International Group Inc. now owns 332,255 shares of the energy giant’s stock valued at $14,506,000 after buying an additional 22,941 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. Wells Fargo & Co raised Exelon from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and increased their price objective for the company from $43.00 to $47.00 in a research note on Tuesday, April 9th. Scotiabank reissued a “buy” rating and set a $50.00 price objective on shares of Exelon in a research report on Wednesday, February 13th. Morgan Stanley raised their target price on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, SunTrust Banks restated a “hold” rating and set a $49.00 target price on shares of Exelon in a report on Tuesday, February 12th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $47.82.

In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total transaction of $837,900.00. Following the transaction, the executive vice president now owns 67,548 shares of the company’s stock, valued at $3,234,198.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. Insiders have sold a total of 88,800 shares of company stock worth $4,352,142 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Shares of EXC traded up $0.49 during midday trading on Monday, hitting $50.19. The company had a trading volume of 4,504,930 shares, compared to its average volume of 5,366,857. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. The stock has a market capitalization of $48.21 billion, a PE ratio of 16.09, a PEG ratio of 3.89 and a beta of 0.37. Exelon Co. has a 1 year low of $38.27 and a 1 year high of $50.85.

Exelon (NYSE:EXC) last issued its earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the company earned $0.55 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that Exelon Co. will post 3.13 EPS for the current year.

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Exelon Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

See Also: Dividend

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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