Gulf International Bank UK Ltd lifted its position in shares of Exelon Co. (NYSE:EXC) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,912 shares of the energy giant’s stock after acquiring an additional 9,388 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Exelon were worth $13,415,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of EXC. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Exelon by 269.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock worth $485,304,000 after acquiring an additional 9,072,773 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Exelon by 766.8% during the 1st quarter. State Treasurer State of Michigan now owns 2,439,097 shares of the energy giant’s stock worth $95,149,000 after acquiring an additional 2,157,700 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Exelon by 40.6% during the 1st quarter. Prudential Financial Inc. now owns 5,733,452 shares of the energy giant’s stock worth $223,662,000 after acquiring an additional 1,654,254 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Exelon by 175.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,779,900 shares of the energy giant’s stock worth $69,434,000 after acquiring an additional 1,134,800 shares in the last quarter. Finally, Element Capital Management LLC purchased a new stake in shares of Exelon during the 4th quarter worth about $40,141,000. 78.10% of the stock is currently owned by institutional investors and hedge funds.
EXC has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Morgan Stanley lowered their target price on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. Credit Suisse Group lowered shares of Exelon to a “hold” rating and set a $42.00 target price on the stock. in a research note on Wednesday, April 4th. Finally, KeyCorp increased their target price on shares of Exelon from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 30th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.86.
Exelon opened at $42.92 on Friday, according to MarketBeat. Exelon Co. has a twelve month low of $35.37 and a twelve month high of $43.08. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.99. The stock has a market cap of $41.33 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.46 and a beta of 0.19.
Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, May 2nd. The energy giant reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. The company had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.01 billion. Exelon had a net margin of 10.06% and a return on equity of 9.17%. Exelon’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. sell-side analysts expect that Exelon Co. will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Tuesday, May 15th were issued a $0.345 dividend. The ex-dividend date was Monday, May 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.22%. 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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