Itau Unibanco Holding S.A. grew its holdings in shares of Exelon Co. (NYSE:EXC) by 127.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,091 shares of the energy giant’s stock after purchasing an additional 11,826 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Exelon were worth $831,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EXC. CI Global Investments Inc. boosted its position in Exelon by 71.9% during the fourth quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after purchasing an additional 3,470,082 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Exelon by 51,895.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,367,739 shares of the energy giant’s stock worth $132,723,000 after buying an additional 3,361,262 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Exelon by 44.6% in the fourth quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock worth $245,971,000 after buying an additional 1,926,273 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Exelon by 40.3% in the third quarter. APG Asset Management N.V. now owns 5,575,631 shares of the energy giant’s stock worth $210,034,000 after buying an additional 1,600,200 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Exelon by 20.6% in the third quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after buying an additional 1,415,400 shares in the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Exelon Co. (NYSE:EXC) opened at $37.78 on Monday. Exelon Co. has a 52-week low of $33.30 and a 52-week high of $42.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10. The company has a market cap of $36,458.81, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. 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 dividend yield of 3.65%. Exelon’s dividend payout ratio (DPR) is currently 34.94%.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on EXC. KeyCorp lowered their price target on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, February 9th. UBS Group began coverage on shares of Exelon in a report on Friday, February 2nd. They issued a “buy” rating and a $44.00 price target on the stock. Morgan Stanley lowered their price target on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of Exelon in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exelon has an average rating of “Buy” and a consensus target price of $41.03.
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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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