Teacher Retirement System of Texas raised its position in Exelon Corporation (NYSE:EXC) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 817,005 shares of the energy giant’s stock after acquiring an additional 15,579 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Exelon Corporation worth $30,777,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of EXC. James Investment Research Inc. lifted its holdings in Exelon Corporation by 2,504.2% in the second quarter. James Investment Research Inc. now owns 234,640 shares of the energy giant’s stock valued at $8,463,000 after acquiring an additional 225,630 shares during the period. Eqis Capital Management Inc. increased its position in Exelon Corporation by 6.9% in the second quarter. Eqis Capital Management Inc. now owns 32,551 shares of the energy giant’s stock worth $1,174,000 after buying an additional 2,089 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Exelon Corporation by 2.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,596 shares of the energy giant’s stock worth $274,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Exelon Corporation by 7.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 512,927 shares of the energy giant’s stock worth $18,501,000 after buying an additional 34,600 shares in the last quarter. Finally, V Wealth Management LLC purchased a new stake in Exelon Corporation in the second quarter worth about $111,000. 77.37% of the stock is currently owned by institutional investors.
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A number of analysts have commented on EXC shares. Morgan Stanley upped their price target on Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) cut Exelon Corporation from a “neutral” rating to a “sell” rating and set a $35.00 price target for the company. in a research report on Wednesday, October 11th. BidaskClub upgraded Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.64.
Exelon Corporation (NYSE EXC) traded up $0.79 during midday trading on Tuesday, reaching $42.09. The company’s stock had a trading volume of 5,310,200 shares, compared to its average volume of 4,864,724. The stock has a market cap of $39,651.63, a PE ratio of 16.65, a PEG ratio of 3.59 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon Corporation has a fifty-two week low of $29.84 and a fifty-two week high of $42.18.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. equities analysts predict that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is presently 58.74%.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total transaction of $4,113,000.00. Following the completion of the transaction, the chairman now owns 267,649 shares in the company, valued at approximately $11,008,403.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $40.12, for a total value of $22,750,848.40. Following the completion of the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,787 shares of company stock valued at $52,683,909 in the last 90 days. 0.70% of the stock is currently owned by company insiders.
Exelon Corporation Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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