Exelon Co. (EXC) Holdings Trimmed by WINTON GROUP Ltd
WINTON GROUP Ltd reduced its stake in shares of Exelon Co. (NYSE:EXC) by 60.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,534 shares of the energy giant’s stock after selling 15,817 shares during the quarter. WINTON GROUP Ltd’s holdings in Exelon were worth $460,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Exelon by 1.0% in the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after buying an additional 721,483 shares during the period. LSV Asset Management lifted its position in Exelon by 4.6% in the 2nd quarter. LSV Asset Management now owns 12,606,244 shares of the energy giant’s stock valued at $537,025,000 after purchasing an additional 550,382 shares during the last quarter. Northern Trust Corp lifted its position in Exelon by 3.2% in the 2nd quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock valued at $491,793,000 after purchasing an additional 359,605 shares during the last quarter. Jennison Associates LLC lifted its position in Exelon by 0.7% in the 2nd quarter. Jennison Associates LLC now owns 7,208,111 shares of the energy giant’s stock valued at $307,066,000 after purchasing an additional 52,218 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Exelon by 3.4% in the 3rd quarter. Bank of Montreal Can now owns 6,700,433 shares of the energy giant’s stock valued at $292,541,000 after purchasing an additional 218,696 shares during the last quarter. 79.39% of the stock is owned by institutional investors.
Several brokerages recently weighed in on EXC. Scotiabank reiterated a “sector outperform” rating on shares of Exelon in a research report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research report on Friday. Howard Weil began coverage on shares of Exelon in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 price objective on the stock. Credit Suisse Group lifted their price objective on shares of Exelon from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 6th. Finally, Barclays set a $47.00 price objective on shares of Exelon and gave the company a “hold” rating in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Exelon currently has a consensus rating of “Hold” and a consensus target price of $46.06.
Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.74 billion. During the same period in the previous year, the firm earned $0.85 EPS. Exelon’s revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Exelon Co. will post 3.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.99%. Exelon’s dividend payout ratio (DPR) is 53.08%.
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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