Victory Capital Management Inc. raised its holdings in shares of Exelon Co. (NYSE:EXC) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,039,254 shares of the energy giant’s stock after acquiring an additional 39,761 shares during the period. Victory Capital Management Inc.’s holdings in Exelon were worth $45,374,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System grew its position in Exelon by 26.1% during the second quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock worth $132,344,000 after buying an additional 643,409 shares in the last quarter. Cerebellum GP LLC purchased a new position in Exelon during the third quarter worth about $185,000. BlackRock Inc. grew its position in Exelon by 1.0% during the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock worth $3,065,064,000 after buying an additional 721,483 shares in the last quarter. AE Wealth Management LLC purchased a new position in Exelon during the second quarter worth about $270,000. Finally, Twin Capital Management Inc. grew its position in Exelon by 0.8% during the second quarter. Twin Capital Management Inc. now owns 223,710 shares of the energy giant’s stock worth $9,530,000 after buying an additional 1,830 shares in the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.
Shares of EXC stock opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.29. The stock has a market cap of $43.20 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.87 and a beta of 0.26.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Exelon Co. will post 3.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
Several equities analysts recently commented on EXC shares. Morgan Stanley reduced their target price on Exelon from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. SunTrust Banks lowered Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $51.00 price target on shares of Exelon in a research note on Monday, July 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of Exelon in a research note on Wednesday. Finally, Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.00.
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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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