Millennium Management LLC increased its holdings in Exelon Co. (NYSE:EXC) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,791,507 shares of the energy giant’s stock after purchasing an additional 525,329 shares during the quarter. Millennium Management LLC owned approximately 0.29% of Exelon worth $110,013,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Segall Bryant & Hamill LLC grew its stake in shares of Exelon by 20.5% in the third quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock worth $282,000 after purchasing an additional 1,273 shares during the last quarter. ARGI Investment Services LLC grew its stake in shares of Exelon by 2.9% in the third quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock worth $1,788,000 after purchasing an additional 1,343 shares during the last quarter. BKD Wealth Advisors LLC grew its stake in shares of Exelon by 13.1% in the fourth quarter. BKD Wealth Advisors LLC now owns 11,694 shares of the energy giant’s stock worth $461,000 after purchasing an additional 1,354 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in shares of Exelon by 29.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 6,125 shares of the energy giant’s stock worth $241,000 after purchasing an additional 1,400 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Exelon by 1.6% in the fourth quarter. CIBC Asset Management Inc now owns 96,194 shares of the energy giant’s stock worth $3,791,000 after purchasing an additional 1,480 shares during the last quarter. 78.09% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on EXC. Credit Suisse Group cut shares of Exelon to a “hold” rating and set a $42.00 price objective on the stock. in a research note on Wednesday. UBS began coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective on the stock. Goldman Sachs raised shares of Exelon from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $33.30 to $43.00 in a research note on Wednesday, March 28th. JPMorgan Chase reduced their price objective on shares of Exelon from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Finally, Morgan Stanley cut their price target on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.41.
EXC traded down $0.37 during trading on Friday, reaching $38.63. 3,475,642 shares of the stock traded hands, compared to its average volume of 6,226,389. The stock has a market capitalization of $37,279.07, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.16. 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 Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion for 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%. Exelon’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. research analysts predict that Exelon Co. will post 3.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is 53.08%.
In other news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $37.94, for a total transaction of $948,500.00. Following the transaction, the chief executive officer now owns 19,429 shares of the company’s stock, valued at approximately $737,136.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.
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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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