Victory Capital Management Inc. raised its holdings in shares of Exelon Co. (NYSE:EXC) by 0.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 999,493 shares of the energy giant’s stock after purchasing an additional 1,327 shares during the period. Victory Capital Management Inc.’s holdings in Exelon were worth $42,578,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Pier 88 Investment Partners LLC grew its holdings in shares of Exelon by 401.6% during the first quarter. Pier 88 Investment Partners LLC now owns 3,160 shares of the energy giant’s stock worth $123,000 after buying an additional 2,530 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of Exelon by 836.4% during the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after buying an additional 3,011 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Exelon by 2,718.1% during the first quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock worth $154,000 after buying an additional 148,707 shares in the last quarter. Credit Agricole S A bought a new position in shares of Exelon during the first quarter worth about $195,000. Finally, Cullen Frost Bankers Inc. bought a new position in Exelon in the second quarter valued at approximately $200,000. 77.84% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on EXC. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Mizuho restated a “hold” rating and issued a $40.00 price target on shares of Exelon in a research note on Monday, August 6th. Scotiabank began coverage on Exelon in a research note on Tuesday, July 24th. They issued a “hold” rating and a $47.00 price target for the company. Howard Weil began coverage on Exelon in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 price target for the company. Finally, Guggenheim restated a “buy” rating and issued a $51.00 price target on shares of Exelon in a research note on Monday, July 23rd. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Exelon has an average rating of “Buy” and a consensus price target of $44.50.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.10. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts expect that Exelon Co. will post 3.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.20%. Exelon’s dividend payout ratio is currently 53.08%.
Exelon Co is an utilities company in the Electric Utilities industry.
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