New York State Common Retirement Fund lessened its holdings in shares of Exelon Corporation (NYSE:EXC) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,562,056 shares of the energy giant’s stock after selling 343,011 shares during the period. New York State Common Retirement Fund owned about 0.27% of Exelon worth $96,513,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in EXC. Andra AP fonden boosted its position in Exelon by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after acquiring an additional 11,600 shares in the last quarter. Heartland Advisors Inc. boosted its position in shares of Exelon by 3.9% in the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock worth $13,484,000 after purchasing an additional 13,982 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Exelon by 667.0% in the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock worth $25,765,000 after purchasing an additional 621,188 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Exelon by 24.2% in the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock worth $52,426,000 after purchasing an additional 283,664 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of Exelon by 6.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock worth $48,609,000 after purchasing an additional 80,586 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.
EXC has been the topic of a number of analyst reports. Zacks Investment Research cut Exelon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $41.00 price target on shares of Exelon in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Barclays reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon in a research report on Wednesday, August 9th. Finally, ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Exelon presently has an average rating of “Buy” and a consensus price target of $40.64.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. equities analysts anticipate that Exelon Corporation will post 2.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.3275 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.13%. Exelon’s dividend payout ratio is presently 58.74%.
In other Exelon news, EVP Kenneth W. Cornew sold 25,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares in the company, valued at approximately $1,061,910.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $38.31, for a total transaction of $510,787.23. Following the sale, the executive vice president now owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,312,787 shares of company stock valued at $52,683,909. Company insiders own 0.70% of the company’s stock.
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Exelon Company 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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