Exelon Corp. (EXC) Shares Bought by National Pension Service
National Pension Service boosted its stake in Exelon Corp. (NYSE:EXC) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 636,325 shares of the energy giant’s stock after buying an additional 50,624 shares during the period. National Pension Service’s holdings in Exelon Corp. were worth $21,183,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Hennessy Advisors Inc. boosted its stake in shares of Exelon Corp. by 6.7% in the third quarter. Hennessy Advisors Inc. now owns 548,231 shares of the energy giant’s stock valued at $18,251,000 after buying an additional 34,200 shares during the period. Community Bank N.A. boosted its stake in shares of Exelon Corp. by 5.9% in the third quarter. Community Bank N.A. now owns 44,226 shares of the energy giant’s stock valued at $1,472,000 after buying an additional 2,475 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in shares of Exelon Corp. by 1.0% in the third quarter. Canandaigua National Bank & Trust Co. now owns 10,505 shares of the energy giant’s stock valued at $350,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Exelon Corp. by 1.9% in the third quarter. Nisa Investment Advisors LLC now owns 226,143 shares of the energy giant’s stock valued at $7,528,000 after buying an additional 4,130 shares during the period. Finally, CHICAGO TRUST Co NA boosted its stake in shares of Exelon Corp. by 9.2% in the third quarter. CHICAGO TRUST Co NA now owns 10,661 shares of the energy giant’s stock valued at $355,000 after buying an additional 902 shares during the period. 73.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corp. (NYSE:EXC) traded down 2.44% during trading on Wednesday, reaching $32.84. 1,148,595 shares of the company were exchanged. The stock has a market capitalization of $30.32 billion, a P/E ratio of 24.62 and a beta of 0.21. The firm has a 50-day moving average price of $32.51 and a 200-day moving average price of $34.26. Exelon Corp. has a 1-year low of $25.09 and a 1-year high of $37.70.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings results on Wednesday, October 26th. The energy giant reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. The business earned $8.84 billion during the quarter, compared to the consensus estimate of $7.97 billion. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Equities research analysts predict that Exelon Corp. will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.318 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.78%. Exelon Corp.’s dividend payout ratio is currently 94.78%.
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Several research analysts recently commented on EXC shares. Morgan Stanley upgraded Exelon Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $37.00 in a research report on Friday, November 18th. They noted that the move was a valuation call. Jefferies Group reiterated a “buy” rating and issued a $37.00 price target (up previously from $36.00) on shares of Exelon Corp. in a research report on Friday, October 28th. Deutsche Bank AG reiterated a “buy” rating and issued a $38.00 price target on shares of Exelon Corp. in a research report on Friday, October 21st. Barclays PLC dropped their price target on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. dropped their price target on Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Exelon Corp. currently has a consensus rating of “Buy” and an average target price of $36.92.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.
Exelon Corp. Company Profile
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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