Rehmann Capital Advisory Group boosted its position in Exelon Co. (NYSE:EXC) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,250 shares of the energy giant’s stock after buying an additional 1,415 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Exelon were worth $797,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System grew its stake in Exelon by 26.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock valued at $132,344,000 after buying an additional 643,409 shares during the last quarter. Balasa Dinverno & Foltz LLC boosted its holdings in Exelon by 6.9% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 37,598 shares of the energy giant’s stock valued at $1,642,000 after purchasing an additional 2,437 shares during the period. Cerebellum GP LLC bought a new stake in Exelon in the 3rd quarter valued at $185,000. BlackRock Inc. boosted its holdings in Exelon by 1.0% in the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares during the period. Finally, AE Wealth Management LLC bought a new stake in Exelon in the 2nd quarter valued at $270,000. Institutional investors and hedge funds own 78.77% of the company’s stock.
A number of analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a report on Friday. Barclays increased their price target on shares of Exelon from $46.00 to $47.00 and gave the company a “hold” rating in a report on Monday, November 19th. Finally, Macquarie increased their price target on shares of Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, September 24th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Exelon has a consensus rating of “Buy” and an average price target of $46.44.
NYSE:EXC opened at $46.96 on Friday. The stock has a market cap of $45.35 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.29 and a beta of 0.30. Exelon Co. has a 52 week low of $35.57 and a 52 week high of $47.40. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities research analysts expect that Exelon Co. will post 3.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is 53.08%.
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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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