Retirement Systems of Alabama lifted its stake in Exelon Corporation (NYSE:EXC) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 465,789 shares of the energy giant’s stock after purchasing an additional 16,767 shares during the period. Retirement Systems of Alabama’s holdings in Exelon Corporation were worth $17,546,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its holdings in Exelon Corporation by 21.3% in the third quarter. Sei Investments Co. now owns 524,921 shares of the energy giant’s stock valued at $19,774,000 after purchasing an additional 92,088 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Exelon Corporation by 43.3% in the third quarter. BNP Paribas Arbitrage SA now owns 867,250 shares of the energy giant’s stock valued at $32,669,000 after purchasing an additional 262,228 shares during the period. Global X MANAGEMENT CO LLC boosted its holdings in Exelon Corporation by 14.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 14,465 shares of the energy giant’s stock valued at $545,000 after purchasing an additional 1,826 shares during the period. Jennison Associates LLC boosted its holdings in Exelon Corporation by 1.2% in the third quarter. Jennison Associates LLC now owns 6,461,814 shares of the energy giant’s stock valued at $243,417,000 after purchasing an additional 76,073 shares during the period. Finally, Brown Advisory Securities LLC raised its stake in Exelon Corporation by 18.5% in the third quarter. Brown Advisory Securities LLC now owns 11,075 shares of the energy giant’s stock valued at $419,000 after buying an additional 1,730 shares in the last quarter. Hedge funds and other institutional investors own 77.37% of the company’s stock.
A number of research firms have weighed in on EXC. Royal Bank Of Canada restated a “buy” rating and issued a $43.00 price target on shares of Exelon Corporation in a research note on Tuesday, November 7th. Bank of America Corporation began coverage on Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded Exelon Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks, Inc. restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co raised their price target on Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.64.
Exelon Corporation (NYSE EXC) traded down $0.19 on Wednesday, hitting $42.20. The stock had a trading volume of 569,806 shares, compared to its average volume of 4,866,602. 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 twelve month low of $30.93 and a twelve month high of $42.46. The firm has a market capitalization of $40,420.00, a PE ratio of 16.97, a P/E/G ratio of 3.66 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. equities research analysts forecast that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is presently 58.74%.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total value of $510,787.23. Following the transaction, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the transaction, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. Insiders sold a total of 1,312,787 shares of company stock worth $52,683,909 in the last 90 days. 0.70% of the stock is currently owned by insiders.
About Exelon Corporation
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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