State of Tennessee Treasury Department lifted its position in Exelon Co. (NYSE:EXC) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,866,092 shares of the energy giant’s stock after buying an additional 135,063 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.19% of Exelon worth $73,543,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Exelon in the third quarter worth about $102,000. NuWave Investment Management LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $105,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $118,000. Cerebellum GP LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $122,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $142,000. 78.42% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Co. (NYSE EXC) opened at $37.55 on Wednesday. Exelon Co. has a 52-week low of $33.30 and a 52-week high of $42.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10. The company has a market cap of $36,458.81, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The business had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. equities research analysts predict that Exelon Co. will post 3.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.345 per share. This is a boost from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is presently 34.94%.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.
A number of brokerages recently weighed in on EXC. UBS Group began coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 target price on the stock. Morgan Stanley lowered their target price on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. KeyCorp lowered their target price on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Exelon in a research note on Wednesday, February 14th. Finally, Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.03.
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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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