M&T Bank Corp trimmed its stake in Exelon Co. (NYSE:EXC) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,098 shares of the energy giant’s stock after selling 5,982 shares during the period. M&T Bank Corp’s holdings in Exelon were worth $6,427,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. CI Global Investments Inc. raised its stake in shares of Exelon by 71.9% during the fourth quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock valued at $326,987,000 after acquiring an additional 3,470,082 shares in the last quarter. Bank of Montreal Can grew its holdings in Exelon by 44.6% in the fourth quarter. Bank of Montreal Can now owns 6,241,334 shares of the energy giant’s stock worth $245,971,000 after purchasing an additional 1,926,273 shares during the last quarter. APG Asset Management N.V. grew its holdings in Exelon by 40.3% in the third quarter. APG Asset Management N.V. now owns 5,575,631 shares of the energy giant’s stock worth $210,034,000 after purchasing an additional 1,600,200 shares during the last quarter. Capital International Investors grew its holdings in Exelon by 20.6% in the third quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after purchasing an additional 1,415,400 shares during the last quarter. Finally, AXA grew its holdings in Exelon by 677.3% in the third quarter. AXA now owns 1,613,005 shares of the energy giant’s stock worth $60,762,000 after purchasing an additional 1,405,487 shares during the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.
Exelon Co. (NYSE:EXC) traded down $0.04 during mid-day trading on Tuesday, hitting $37.74. 2,747,875 shares of the stock traded hands, compared to its average volume of 7,126,125. Exelon Co. has a one year low of $33.30 and a one year high of $42.67. The firm has a market cap of $36,458.81, a PE ratio of 9.56, a PEG ratio of 2.47 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.
Exelon (NYSE:EXC) last released its earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. equities research analysts forecast that Exelon Co. will post 3.06 earnings per share 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 paid a $0.345 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.66%. Exelon’s dividend payout ratio (DPR) is 34.94%.
EXC has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and set a $43.00 price objective on shares of Exelon in a research note on Tuesday, November 7th. Bank of America began coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, January 24th. SunTrust Banks set a $42.00 price objective on shares of Exelon and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, UBS Group started coverage on shares of Exelon in a research note on Friday, February 2nd. They set a “buy” rating and a $44.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Exelon has an average rating of “Buy” and a consensus price target of $41.03.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company 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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