Two Sigma Advisers LP raised its position in Exelon Co. (NYSE:EXC) by 64.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,883,913 shares of the energy giant’s stock after purchasing an additional 741,066 shares during the quarter. Two Sigma Advisers LP’s holdings in Exelon were worth $74,245,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Exelon by 2.0% in 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 buying an additional 10,516 shares in the last quarter. Harrington Investments INC acquired a new position in Exelon in the fourth quarter valued at about $334,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Exelon by 12.3% in 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 buying an additional 27,800 shares in the last quarter. Parametrica Management Ltd acquired a new position in Exelon in the fourth quarter valued at about $268,000. Finally, Norinchukin Bank The boosted its position in Exelon by 3.9% in the third quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock valued at $4,735,000 after buying an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.
Shares of Exelon Co. (EXC) opened at $37.44 on Wednesday. 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 firm has a market cap of $36,217.55, a P/E ratio of 14.49, a P/E/G ratio of 2.45 and a beta of 0.25. Exelon Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last posted its quarterly earnings results 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 for 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. analysts predict that Exelon Co. will post 3.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.69%. This is an increase from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, February 14th. Exelon’s payout ratio is 34.94%.
A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Mizuho assumed coverage on shares of Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price for the company. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, January 24th. UBS Group assumed coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Exelon from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.91.
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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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