USS Investment Management Ltd Has $7.55 Million Position in Exelon Corporation (EXC)
USS Investment Management Ltd increased its position in Exelon Corporation (NYSE:EXC) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,500 shares of the energy giant’s stock after acquiring an additional 23,800 shares during the period. USS Investment Management Ltd’s holdings in Exelon were worth $7,550,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EXC. Andra AP fonden increased its stake in Exelon by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock valued at $6,027,000 after buying an additional 11,600 shares during the period. Heartland Advisors Inc. increased its stake in Exelon by 3.9% during the 2nd quarter. Heartland Advisors Inc. now owns 373,842 shares of the energy giant’s stock valued at $13,484,000 after buying an additional 13,982 shares during the period. Calamos Advisors LLC increased its stake in Exelon by 667.0% during the 2nd quarter. Calamos Advisors LLC now owns 714,316 shares of the energy giant’s stock valued at $25,765,000 after buying an additional 621,188 shares during the period. Toronto Dominion Bank increased its stake in Exelon by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock valued at $52,426,000 after buying an additional 283,664 shares during the period. Finally, CI Global Investments Inc. acquired a new position in Exelon during the 2nd quarter valued at about $136,723,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the transaction, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total transaction of $936,000.00. Following the transaction, the executive vice president now owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,312,787 shares of company stock valued at $52,683,909. Insiders own 0.70% of the company’s stock.
Exelon Corporation (NYSE EXC) opened at $41.96 on Wednesday. Exelon Corporation has a 12-month low of $31.77 and a 12-month high of $42.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a market cap of $40,300.00, a PE ratio of 16.79, a PEG ratio of 3.63 and a beta of 0.31.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. sell-side analysts expect that Exelon Corporation will post 2.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.12%. Exelon’s dividend payout ratio (DPR) is 58.74%.
Several research firms have commented on EXC. Barclays reissued an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Exelon in a research note on Wednesday, August 9th. KeyCorp reissued a “buy” rating and set a $41.00 target price on shares of Exelon in a research note on Friday, September 1st. Zacks Investment Research cut shares of Exelon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of Exelon from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Bank of America began coverage on shares of Exelon in a research note on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.64.
Exelon 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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