Penserra Capital Management LLC Buys New Holdings in Exelon Co. (EXC)
Penserra Capital Management LLC bought a new position in shares of Exelon Co. (NYSE:EXC) during the 3rd quarter, Holdings Channel reports. The fund bought 42,130 shares of the energy giant’s stock, valued at approximately $1,839,000.
Several other institutional investors also recently modified their holdings of the company. West Chester Capital Advisors Inc. boosted its holdings in shares of Exelon by 8.4% during the 3rd quarter. West Chester Capital Advisors Inc. now owns 15,682 shares of the energy giant’s stock worth $685,000 after purchasing an additional 1,219 shares during the last quarter. Credit Agricole S A lifted its holdings in Exelon by 24.5% in the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock valued at $265,000 after acquiring an additional 1,225 shares during the last quarter. IFP Advisors Inc lifted its holdings in Exelon by 4.2% in the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock valued at $1,318,000 after acquiring an additional 1,234 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Exelon by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock valued at $1,218,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in Exelon by 13.2% in the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock valued at $454,000 after acquiring an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.
NYSE:EXC opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33. Exelon Co. has a 52 week low of $35.57 and a 52 week high of $45.29. The firm has a market cap of $43.20 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.87 and a beta of 0.26.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio (DPR) is 53.08%.
EXC has been the topic of a number of recent analyst reports. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Exelon from $46.00 to $48.00 and gave the company a “hold” rating in a report on Friday, September 21st. Citigroup cut Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Tuesday, October 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a report on Monday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Exelon currently has an average rating of “Hold” and an average target price of $46.00.
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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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