Exelon Co. (EXC) Position Lessened by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in Exelon Co. (NYSE:EXC) by 9.5% during the 3rd quarter, Holdings Channel reports. The firm owned 4,337,722 shares of the energy giant’s stock after selling 454,260 shares during the period. Prudential Financial Inc.’s holdings in Exelon were worth $189,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXC. Welch Group LLC purchased a new stake in Exelon in the third quarter worth about $110,000. Landaas & Co. WI ADV purchased a new stake in Exelon in the second quarter worth about $116,000. CWM LLC lifted its holdings in Exelon by 106.5% in the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock worth $116,000 after buying an additional 1,368 shares during the period. Burt Wealth Advisors lifted its holdings in Exelon by 81.6% in the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock worth $126,000 after buying an additional 1,296 shares during the period. Finally, Psagot Investment House Ltd. purchased a new stake in Exelon in the third quarter worth about $127,000. 78.68% of the stock is currently owned by institutional investors.

EXC has been the subject of several research analyst reports. Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a report on Monday, July 23rd. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Friday, July 20th. Macquarie lifted their target price on shares of Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, September 24th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $46.00 target price on shares of Exelon in a report on Wednesday, November 7th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.00.

Shares of EXC opened at $45.91 on Wednesday. The company has a market cap of $44.21 billion, a P/E ratio of 17.66, a PEG ratio of 2.93 and a beta of 0.26. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05. Exelon Co. has a twelve month low of $35.57 and a twelve month high of $46.20.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The company 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 firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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 company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio (DPR) is currently 53.08%.

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Exelon 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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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