UBS Asset Management Americas Inc. Purchases 153,433 Shares of Exelon Co. (EXC)

UBS Asset Management Americas Inc. raised its position in shares of Exelon Co. (NYSE:EXC) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,681,260 shares of the energy giant’s stock after buying an additional 153,433 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.38% of Exelon worth $145,078,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Covalis Capital LLP purchased a new position in Exelon during the fourth quarter valued at $12,146,000. Rhumbline Advisers lifted its position in Exelon by 4.1% during the fourth quarter. Rhumbline Advisers now owns 1,718,184 shares of the energy giant’s stock valued at $67,714,000 after buying an additional 67,361 shares during the period. Arizona State Retirement System lifted its position in Exelon by 19.0% during the fourth quarter. Arizona State Retirement System now owns 433,292 shares of the energy giant’s stock valued at $17,076,000 after buying an additional 69,273 shares during the period. Chartwell Investment Partners LLC lifted its position in Exelon by 26.3% during the fourth quarter. Chartwell Investment Partners LLC now owns 305,585 shares of the energy giant’s stock valued at $12,043,000 after buying an additional 63,680 shares during the period. Finally, Intrust Bank NA lifted its position in Exelon by 26.8% during the fourth quarter. Intrust Bank NA now owns 26,364 shares of the energy giant’s stock valued at $1,039,000 after buying an additional 5,574 shares during the period. 78.42% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, January 23rd. Bank of America assumed coverage on Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. KeyCorp lowered their price objective on Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, February 9th. Finally, SunTrust Banks set a $42.00 price target on Exelon and gave the stock a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.03.

Shares of Exelon Co. (EXC) opened at $37.78 on Monday. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The company has a market capitalization of $36,458.81, a PE ratio of 9.56, a P/E/G ratio of 2.47 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.

Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. Exelon’s quarterly revenue was up 6.4% compared to the same quarter last year. analysts predict that Exelon Co. will post 3.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.65%. This is an increase from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is presently 34.94%.

TRADEMARK VIOLATION NOTICE: “UBS Asset Management Americas Inc. Purchases 153,433 Shares of Exelon Co. (EXC)” was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.thelincolnianonline.com/2018/02/19/ubs-asset-management-americas-inc-purchases-153433-shares-of-exelon-co-exc.html.

Exelon 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.

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

UBS Asset Management Americas Inc. Purchases 153,433 Shares of Exelon Co. (EXC)

UBS Asset Management Americas Inc. raised its position in shares of Exelon Co. (NYSE:EXC) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,681,260 shares of the energy giant’s stock after buying an additional 153,433 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Exelon were worth $145,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Andra AP fonden grew its stake in shares of 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 during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Exelon by 2.0% during the 3rd 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 during the period. State of Wisconsin Investment Board grew its stake in shares of Exelon by 6.7% during the 3rd 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 during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Exelon by 12.3% during the 3rd 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 during the period. Finally, Norinchukin Bank The grew its stake in shares of Exelon by 3.9% during the 3rd 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 during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Mizuho assumed coverage on Exelon in a research note on Friday, December 15th. They set an “underperform” rating and a $36.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $43.00 price objective on shares of Exelon in a research note on Tuesday, November 7th. Bank of America assumed coverage on Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. Finally, Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.03.

Shares of Exelon Co. (EXC) opened at $37.78 on Monday. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The firm has a market capitalization of $36,458.81, a price-to-earnings ratio of 9.56, a P/E/G ratio of 2.47 and a beta of 0.23. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01.

Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 11.53% and a return on equity of 8.35%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. equities analysts forecast that Exelon Co. will post 3.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.65%. The ex-dividend date is Wednesday, February 14th. This is an increase from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is 34.94%.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the company’s stock in a transaction on Friday, December 8th. The stock was 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 of the company’s stock, valued at approximately $1,073,789.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.thelincolnianonline.com/2018/02/19/ubs-asset-management-americas-inc-purchases-153433-shares-of-exelon-co-exc.html.

Exelon 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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply