Quantbot Technologies LP Boosts Position in Exelon Corporation (EXC)
Quantbot Technologies LP increased its position in shares of Exelon Corporation (NYSE:EXC) by 113.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,696 shares of the energy giant’s stock after acquiring an additional 17,395 shares during the period. Quantbot Technologies LP’s holdings in Exelon Corporation were worth $1,179,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EXC. BlackRock Inc. lifted its stake in Exelon Corporation by 3,711.9% during the 1st quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after acquiring an additional 72,335,239 shares in the last quarter. FMR LLC lifted its stake in Exelon Corporation by 11.5% during the 2nd quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock worth $1,942,258,000 after acquiring an additional 5,572,093 shares in the last quarter. Vanguard Group Inc. lifted its stake in Exelon Corporation by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock worth $2,490,203,000 after acquiring an additional 4,453,759 shares in the last quarter. Franklin Resources Inc. lifted its stake in Exelon Corporation by 60.2% during the 2nd quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock worth $393,894,000 after acquiring an additional 4,102,441 shares in the last quarter. Finally, CI Global Investments Inc. acquired a new position in Exelon Corporation during the 2nd quarter worth about $136,723,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares of the company’s stock, valued at $9,012,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at approximately $1,523,550.39. The disclosure for this sale can be found here. Insiders sold 461,952 shares of company stock valued at $17,573,309 in the last ninety days. Company insiders own 0.70% of the company’s stock.
Several research firms recently issued reports on EXC. Barclays PLC reissued an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. KeyCorp reissued a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Friday, September 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. BidaskClub lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Credit Suisse Group reissued a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.17.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were given a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, August 11th. Exelon Corporation’s payout ratio is 68.59%.
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Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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