Exelon Corp. (EXC) Stake Raised by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC boosted its stake in Exelon Corp. (NYSE:EXC) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 226,143 shares of the energy giant’s stock after buying an additional 4,130 shares during the period. Nisa Investment Advisors LLC’s holdings in Exelon Corp. were worth $7,528,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. CT Financial Advisors LLC raised its stake in Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock valued at $149,000 after buying an additional 11 shares during the period. Hudock Capital Group LLC raised its stake in Exelon Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock valued at $106,000 after buying an additional 14 shares during the period. Synovus Financial Corp raised its stake in Exelon Corp. by 0.3% in the second quarter. Synovus Financial Corp now owns 17,813 shares of the energy giant’s stock valued at $651,000 after buying an additional 46 shares during the period. Burke & Herbert Bank & Trust Co. raised its stake in Exelon Corp. by 1.3% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 6,071 shares of the energy giant’s stock valued at $202,000 after buying an additional 77 shares during the period. Finally, Indiana Trust & Investment Management CO raised its stake in Exelon Corp. by 0.7% in the third quarter. Indiana Trust & Investment Management CO now owns 11,405 shares of the energy giant’s stock valued at $380,000 after buying an additional 80 shares during the period. 73.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corp. (NYSE:EXC) traded down 3.00% on Wednesday, hitting $32.65. 3,864,546 shares of the stock were exchanged. The company has a 50-day moving average price of $32.51 and a 200-day moving average price of $34.26. The firm has a market cap of $30.14 billion, a PE ratio of 24.48 and a beta of 0.21. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Wednesday, October 26th. The energy giant reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The company earned $8.84 billion during the quarter, compared to analyst estimates of $7.97 billion. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The company’s revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. On average, equities research analysts anticipate that Exelon Corp. will post $2.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 15th will be issued a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 10th. Exelon Corp.’s dividend payout ratio is currently 94.78%.
Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Bank of America Corp. reiterated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corp. in a report on Thursday, August 11th. Morgan Stanley set a $38.00 price objective on shares of Exelon Corp. and gave the company a “hold” rating in a report on Thursday, August 11th. Jefferies Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Exelon Corp. in a report on Friday, August 12th. Finally, Deutsche Bank AG upped their price objective on shares of Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.92.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the completion of the sale, the chief executive officer now owns 18,109 shares of the company’s stock, valued at $633,815. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by corporate insiders.
About Exelon Corp.
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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