Exelon Co. (EXC) Shares Bought by Hexavest Inc.

Hexavest Inc. grew its holdings in shares of Exelon Co. (NYSE:EXC) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,929,022 shares of the energy giant’s stock after buying an additional 29,064 shares during the quarter. Exelon accounts for approximately 0.9% of Hexavest Inc.’s portfolio, making the stock its 26th biggest position. Hexavest Inc.’s holdings in Exelon were worth $76,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Exelon by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after acquiring an additional 4,453,759 shares during the period. FMR LLC grew its holdings in Exelon by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after acquiring an additional 5,572,093 shares during the period. Wells Fargo & Company MN grew its holdings in Exelon by 3.1% during the third quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock worth $354,196,000 after acquiring an additional 280,855 shares during the period. Capital International Investors grew its holdings in Exelon by 20.6% during the third quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after acquiring an additional 1,415,400 shares during the period. Finally, Jennison Associates LLC grew its holdings in Exelon by 1.2% during the third quarter. Jennison Associates LLC now owns 6,461,814 shares of the energy giant’s stock worth $243,417,000 after acquiring an additional 76,073 shares during the period. 77.26% of the stock is currently owned by institutional investors.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated 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 directly owns 26,435 shares in the company, valued at approximately $1,073,789.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the sale, the chairman now owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The disclosure for this sale can be found here. Insiders have sold a total of 1,287,788 shares of company stock valued at $51,778,749 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Mizuho assumed coverage on Exelon in a report on Friday, December 15th. They set an “underperform” rating and a $36.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, Bank of America began coverage on Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.53.

Exelon Co. (NYSE EXC) traded up $0.46 during trading hours on Friday, hitting $38.41. The company had a trading volume of 7,431,900 shares, compared to its average volume of 6,579,063. 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 Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The firm has a market cap of $36,890.00, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.30.

Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. analysts anticipate that Exelon Co. will post 2.65 EPS for the current year.

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About Exelon

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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