Pekin Singer Strauss Asset Management IL decreased its stake in Exelon Co. (NYSE:EXC) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,065 shares of the energy giant’s stock after selling 6,380 shares during the period. Exelon accounts for approximately 1.9% of Pekin Singer Strauss Asset Management IL’s holdings, making the stock its 12th largest position. Pekin Singer Strauss Asset Management IL’s holdings in Exelon were worth $10,350,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. State Treasurer State of Michigan grew its holdings in shares of Exelon by 71.6% in the 2nd quarter. State Treasurer State of Michigan now owns 4,185,797 shares of the energy giant’s stock valued at $178,315,000 after acquiring an additional 1,746,700 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Exelon by 1,187.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,187,053 shares of the energy giant’s stock valued at $50,568,000 after acquiring an additional 1,094,843 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Exelon by 31.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,733,728 shares of the energy giant’s stock valued at $161,330,000 after acquiring an additional 902,458 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Exelon by 18.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,166,583 shares of the energy giant’s stock valued at $220,097,000 after acquiring an additional 816,893 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Exelon by 1.0% in the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after acquiring an additional 721,483 shares in the last quarter. Institutional investors own 78.89% of the company’s stock.
Shares of EXC stock opened at $43.40 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. The company has a market cap of $41.97 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 2.46 and a beta of 0.26. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.05.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 3.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 3.18%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
Several equities analysts have recently weighed in on EXC shares. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Exelon from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 21st. Citigroup cut Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Tuesday, October 9th. Finally, Guggenheim reiterated a “buy” rating and set a $51.00 price target on shares of Exelon in a report on Monday, July 23rd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.67.
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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