Global X Management Co. LLC boosted its position in shares of Exelon Co. (NYSE:EXC) by 84.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,664 shares of the energy giant’s stock after acquiring an additional 12,199 shares during the period. Global X Management Co. LLC’s holdings in Exelon were worth $1,051,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Andra AP fonden grew its stake in Exelon by 7.8% during the third 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Exelon by 2.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock valued at $20,513,000 after acquiring an additional 10,516 shares in the last quarter. State of Wisconsin Investment Board grew its stake in Exelon by 6.7% during the third quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after acquiring an additional 80,586 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Exelon by 12.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 254,521 shares of the energy giant’s stock valued at $9,588,000 after acquiring an additional 27,800 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in Exelon by 3.9% during the third quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock valued at $4,735,000 after acquiring an additional 4,680 shares in the last quarter. 78.42% of the stock is owned by institutional investors.
Several equities analysts recently commented on the stock. Mizuho raised shares of Exelon from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Bank of America assumed coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. KeyCorp reduced their price objective on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research note 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 for the company in a research note on Friday, February 9th. Finally, SunTrust Banks set a $42.00 price target on shares of Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $41.03.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. research analysts predict that Exelon Co. will post 3.06 earnings per share for the current year.
The firm also recently disclosed 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 represents a $1.38 dividend on an annualized basis and a dividend yield of 3.65%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. Exelon’s payout ratio is presently 34.94%.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the business’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 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 document filed with the SEC, which is available at this hyperlink. 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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