CI Global Investments Inc. lessened its stake in Exelon Co. (NYSE:EXC) by 93.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,648 shares of the energy giant’s stock after selling 241,512 shares during the quarter. CI Global Investments Inc.’s holdings in Exelon were worth $727,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EXC. BlackRock Inc. raised its position in shares of Exelon by 1.0% during the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock worth $3,065,064,000 after purchasing an additional 721,483 shares during the period. LSV Asset Management grew its holdings in Exelon by 4.4% during the third quarter. LSV Asset Management now owns 13,166,582 shares of the energy giant’s stock worth $574,852,000 after buying an additional 560,338 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Exelon by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock worth $517,335,000 after buying an additional 689,774 shares in the last quarter. Northern Trust Corp grew its holdings in Exelon by 3.2% during the second quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock worth $491,793,000 after buying an additional 359,605 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Exelon by 2.1% during the third quarter. Jennison Associates LLC now owns 7,360,978 shares of the energy giant’s stock worth $321,380,000 after buying an additional 152,867 shares in the last quarter. 78.77% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on EXC. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday. SunTrust Banks reiterated a “hold” rating and set a $48.00 price target on shares of Exelon in a report on Monday, December 3rd. Barclays upped their price objective on Exelon from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Exelon in a research note on Wednesday, November 7th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.44.
EXC stock opened at $46.96 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05. The firm has a market cap of $45.40 billion, a PE ratio of 18.06, a PEG ratio of 3.29 and a beta of 0.30. Exelon Co. has a fifty-two week low of $35.57 and a fifty-two week high of $47.40.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $8.74 billion. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities analysts forecast that Exelon Co. will post 3.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a yield of 2.94%. Exelon’s dividend payout ratio (DPR) is 53.08%.
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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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