Federated Investors Inc. PA boosted its position in shares of Exelon (NYSE:EXC) by 82.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 919,106 shares of the energy giant’s stock after buying an additional 414,043 shares during the period. Federated Investors Inc. PA owned approximately 0.10% of Exelon worth $35,855,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Exelon by 0.6% during the first quarter. BlackRock Inc. now owns 71,228,329 shares of the energy giant’s stock valued at $2,778,620,000 after buying an additional 438,549 shares during the last quarter. LSV Asset Management raised its position in Exelon by 7.2% during the first quarter. LSV Asset Management now owns 12,055,862 shares of the energy giant’s stock valued at $470,299,000 after purchasing an additional 813,800 shares during the period. Geode Capital Management LLC raised its position in Exelon by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,305,203 shares of the energy giant’s stock valued at $405,288,000 after purchasing an additional 197,616 shares during the period. CI Global Investments Inc. raised its position in 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 purchasing an additional 3,470,082 shares during the period. Finally, Jennison Associates LLC raised its position in Exelon by 19.2% during the fourth quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock valued at $303,642,000 after purchasing an additional 1,242,889 shares during the period. 78.46% of the stock is owned by institutional investors.
In related news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total value of $948,500.00. Following the transaction, the chief executive officer now owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.
A number of equities research analysts have issued reports on EXC shares. Credit Suisse Group downgraded Exelon to a “hold” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, April 4th. Morgan Stanley upped their price objective on Exelon from $40.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. JPMorgan Chase & Co. decreased their price objective on Exelon from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 21st. SunTrust Banks restated a “buy” rating and set a $44.00 price objective on shares of Exelon in a research report on Wednesday, April 11th. Finally, ValuEngine downgraded Exelon from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Exelon presently has an average rating of “Buy” and a consensus price target of $42.43.
Shares of Exelon opened at $40.30 on Thursday, according to MarketBeat.com. The company has a current ratio of 1.14, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Exelon has a fifty-two week low of $35.34 and a fifty-two week high of $42.67. The company has a market capitalization of $38.49 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 2.57 and a beta of 0.14.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Exelon had a return on equity of 9.17% and a net margin of 10.06%. The firm had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that Exelon will post 3.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Tuesday, May 15th will be issued a $0.345 dividend. The ex-dividend date is Monday, May 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.42%. Exelon’s payout ratio is 53.08%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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