Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its holdings in shares of Exelon Corporation (NYSE:EXC) by 23.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 567,755 shares of the energy giant’s stock after selling 170,475 shares during the quarter. Exelon Corporation makes up 0.9% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s portfolio, making the stock its 28th biggest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned 0.06% of Exelon Corporation worth $21,300,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in EXC. FMR LLC raised its holdings in Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after purchasing an additional 5,572,093 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Exelon Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after acquiring an additional 4,453,759 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Exelon Corporation by 60.2% in the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock worth $393,894,000 after acquiring an additional 4,102,441 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Exelon Corporation in the second quarter worth $136,723,000. Finally, Teachers Advisors LLC grew its stake in shares of Exelon Corporation by 118.7% in the second quarter. Teachers Advisors LLC now owns 3,921,206 shares of the energy giant’s stock worth $141,438,000 after acquiring an additional 2,127,988 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.
Exelon Corporation (EXC) traded up $0.16 during midday trading on Friday, reaching $41.30. The company’s stock had a trading volume of 3,881,500 shares, compared to its average volume of 4,654,725. The stock has a market cap of $39,651.63, a PE ratio of 16.65, a PEG ratio of 3.58 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. Exelon Corporation has a fifty-two week low of $29.82 and a fifty-two week high of $41.56.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. Exelon Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. equities analysts predict that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is 58.74%.
A number of research firms have recently commented on EXC. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Thursday, October 12th. J P Morgan Chase & Co increased their price objective on Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $40.64.
In other news, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the transaction, the executive vice president now owns 28,363 shares in the company, valued at approximately $1,061,910.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of Exelon Corporation stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the completion of the transaction, the chairman now owns 267,649 shares of the company’s stock, valued at approximately $11,008,403.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,312,787 shares of company stock valued at $52,683,909. Company insiders own 0.70% of the company’s stock.
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Exelon Corporation Company 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.
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