M&T Bank Corp lessened its holdings in shares of Exelon Co. (NYSE:EXC) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,098 shares of the energy giant’s stock after selling 5,982 shares during the quarter. M&T Bank Corp’s holdings in Exelon were worth $6,427,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Regal Investment Advisors LLC increased its stake in Exelon by 8.1% during the 4th quarter. Regal Investment Advisors LLC now owns 21,315 shares of the energy giant’s stock valued at $840,000 after purchasing an additional 1,605 shares in the last quarter. BT Investment Management Ltd boosted its holdings in Exelon by 26.7% during the 4th quarter. BT Investment Management Ltd now owns 246,106 shares of the energy giant’s stock worth $9,699,000 after acquiring an additional 51,841 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Exelon by 4.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 152,384 shares of the energy giant’s stock worth $5,952,000 after acquiring an additional 5,833 shares during the last quarter. Calton & Associates Inc. purchased a new position in Exelon during the 4th quarter worth $281,000. Finally, Fort Pitt Capital Group LLC purchased a new position in Exelon during the 4th quarter worth $305,000. Institutional investors and hedge funds own 78.01% of the company’s stock.
Shares of Exelon Co. (NYSE:EXC) opened at $37.17 on Tuesday. Exelon Co. has a 52-week low of $33.30 and a 52-week high of $42.67. The firm has a market capitalization of $35,570.98, a PE ratio of 9.41, a PEG ratio of 2.58 and a beta of 0.23. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion during 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 firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. sell-side analysts predict that Exelon Co. will post 3.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 15th will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.71%. This is a boost from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, February 14th. Exelon’s dividend payout ratio is 33.16%.
A number of equities analysts have issued reports on EXC shares. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Exelon in a report on Tuesday, November 7th. Bank of America started coverage on shares of Exelon in a report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. SunTrust Banks set a $42.00 price target on shares of Exelon and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, UBS Group started coverage on shares of Exelon in a report on Friday, February 2nd. They issued a “buy” rating and a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and an average target price of $41.03.
In related news, EVP Paymon Aliabadi sold 13,334 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
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Exelon 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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