CIBC Asset Management Inc boosted its holdings in shares of Exelon Co. (NYSE:EXC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,194 shares of the energy giant’s stock after purchasing an additional 1,480 shares during the quarter. CIBC Asset Management Inc’s holdings in Exelon were worth $3,791,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of EXC. Dimensional Fund Advisors LP boosted its position in Exelon by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,680,115 shares of the energy giant’s stock worth $60,598,000 after purchasing an additional 7,069 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Exelon by 9.0% in the second quarter. Macquarie Group Ltd. now owns 34,000 shares of the energy giant’s stock valued at $1,226,000 after acquiring an additional 2,800 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Exelon by 1,261.9% in the second quarter. Janus Henderson Group PLC now owns 1,684,070 shares of the energy giant’s stock valued at $60,745,000 after acquiring an additional 1,560,416 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Exelon by 314.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 646,064 shares of the energy giant’s stock valued at $23,304,000 after acquiring an additional 490,300 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Exelon by 2.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 146,466 shares of the energy giant’s stock valued at $5,283,000 after acquiring an additional 3,098 shares in the last quarter. Institutional investors own 77.71% of the company’s stock.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.
Exelon (NYSE:EXC) last posted its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $7.66 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. Exelon’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. equities analysts expect that Exelon Co. will post 2.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.345 per share. This is a boost from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 annualized dividend and a yield of 3.82%. Exelon’s dividend payout ratio (DPR) is 58.74%.
Several equities analysts have recently weighed in on EXC shares. Bank of America started coverage on Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and issued a $43.00 target price on shares of Exelon in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Mizuho started coverage on Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Finally, Morgan Stanley raised their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $41.34.
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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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