Exelon Co. (EXC) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. reduced its stake in shares of Exelon Co. (NYSE:EXC) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,186 shares of the energy giant’s stock after selling 22,669 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Exelon were worth $34,893,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EXC. Credit Agricole S A increased its stake in Exelon by 24.5% in the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock valued at $265,000 after purchasing an additional 1,225 shares during the period. IFP Advisors Inc increased its stake in Exelon by 4.2% in the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock valued at $1,318,000 after purchasing an additional 1,234 shares during the period. Sumitomo Life Insurance Co. increased its stake in Exelon by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock valued at $1,218,000 after purchasing an additional 1,235 shares during the period. Lincoln National Corp increased its stake in Exelon by 13.2% in the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock valued at $454,000 after purchasing an additional 1,240 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Exelon by 18.5% in the second quarter. Park Avenue Securities LLC now owns 7,981 shares of the energy giant’s stock valued at $342,000 after purchasing an additional 1,247 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

EXC has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of Exelon from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 9th. Barclays initiated coverage on shares of Exelon in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Exelon from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Friday, July 20th. Finally, Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research note on Monday, July 23rd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.61.

Shares of NYSE:EXC opened at $44.08 on Tuesday. The stock has a market capitalization of $42.13 billion, a PE ratio of 14.21, a PEG ratio of 2.47 and a beta of 0.24. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Exelon Co. has a fifty-two week low of $35.57 and a fifty-two week high of $45.05.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities analysts predict that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is 53.08%.

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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