Man Group plc raised its position in Exelon Co. (NYSE:EXC) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,372,649 shares of the energy giant’s stock after purchasing an additional 82,361 shares during the quarter. Exelon accounts for approximately 0.9% of Man Group plc’s portfolio, making the stock its 6th largest position. Man Group plc’s holdings in Exelon were worth $257,566,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Centersquare Investment Management LLC acquired a new position in shares of Exelon in the first quarter worth $26,000. Kempen Capital Management N.V. acquired a new position in shares of Exelon during the second quarter worth $27,000. Quantamental Technologies LLC acquired a new position in shares of Exelon during the second quarter worth $29,000. Manchester Financial Inc. acquired a new position in shares of Exelon during the second quarter worth $30,000. Finally, Resources Investment Advisors LLC. grew its stake in shares of Exelon by 167.5% during the second quarter. Resources Investment Advisors LLC. now owns 634 shares of the energy giant’s stock worth $30,000 after purchasing an additional 397 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors.
NYSE EXC traded down $0.14 during trading hours on Thursday, hitting $47.80. The company had a trading volume of 181,999 shares, compared to its average volume of 5,410,761. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. Exelon Co. has a 1-year low of $42.19 and a 1-year high of $51.18. The company has a market cap of $46.60 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 4.41 and a beta of 0.26. The business has a 50 day moving average of $46.19 and a 200-day moving average of $48.45.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.363 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.45 annualized dividend and a yield of 3.04%. Exelon’s dividend payout ratio is presently 46.47%.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the transaction, the chief executive officer now owns 40,331 shares in the company, valued at $1,919,352.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
A number of equities analysts recently commented on EXC shares. ValuEngine downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. SunTrust Banks set a $49.00 target price on shares of Exelon and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Argus reiterated a “buy” rating and set a $53.00 target price on shares of Exelon in a research note on Wednesday. Barclays upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $54.00 to $52.00 in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Morgan Stanley upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Exelon currently has an average rating of “Buy” and an average price target of $50.97.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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