Martingale Asset Management L P trimmed its position in shares of Exelon Co. (NYSE:EXC) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,212,522 shares of the energy giant’s stock after selling 21,969 shares during the quarter. Martingale Asset Management L P’s holdings in Exelon were worth $52,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cim Investment Mangement Inc. purchased a new position in Exelon in the third quarter valued at approximately $405,000. Johnson Financial Group Inc. boosted its holdings in shares of Exelon by 34.4% in the third quarter. Johnson Financial Group Inc. now owns 36,316 shares of the energy giant’s stock valued at $1,586,000 after acquiring an additional 9,290 shares during the period. Vantage Investment Advisors LLC boosted its holdings in shares of Exelon by 7,403.6% in the third quarter. Vantage Investment Advisors LLC now owns 94,920 shares of the energy giant’s stock valued at $4,144,000 after acquiring an additional 93,655 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Exelon by 6.2% in the third quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock valued at $517,335,000 after acquiring an additional 689,774 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Exelon by 3.8% in the third quarter. Janus Henderson Group PLC now owns 1,962,057 shares of the energy giant’s stock valued at $85,662,000 after acquiring an additional 72,375 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Shares of NYSE EXC opened at $46.10 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon Co. has a 1-year low of $35.57 and a 1-year high of $46.20. The firm has a market cap of $44.37 billion, a P/E ratio of 17.73, a P/E/G ratio of 3.21 and a beta of 0.26.

Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.

Several research firms have recently weighed in on EXC. Barclays set a $47.00 price objective on Exelon and gave the company a “hold” rating in a report on Monday. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Exelon in a report on Wednesday, November 7th. Credit Suisse Group increased their price objective on Exelon from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, November 6th. Finally, Morgan Stanley set a $48.00 price objective on Exelon and gave the company a “hold” rating in a report on Friday, November 2nd. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.06.

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About Exelon

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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