Smith Moore & CO. raised its holdings in Exelon Co. (NYSE:EXC) by 33.7% in the 4th quarter, HoldingsChannel reports. The firm owned 12,638 shares of the energy giant’s stock after acquiring an additional 3,186 shares during the period. Smith Moore & CO.’s holdings in Exelon were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Andra AP fonden increased its stake in shares of Exelon by 7.8% in the third quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after purchasing an additional 11,600 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Exelon by 2.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock valued at $20,513,000 after acquiring an additional 10,516 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Exelon by 6.7% in the third quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock valued at $48,609,000 after acquiring an additional 80,586 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Exelon by 12.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 254,521 shares of the energy giant’s stock valued at $9,588,000 after acquiring an additional 27,800 shares during the period. Finally, Norinchukin Bank The boosted its position in shares of Exelon by 3.9% in the third quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock valued at $4,735,000 after acquiring an additional 4,680 shares during the period. Hedge funds and other institutional investors own 78.42% of the company’s stock.
EXC has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and issued a $43.00 price objective on shares of Exelon in a research report on Tuesday, November 7th. Mizuho initiated coverage on shares of Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 price objective for the company. Bank of America initiated coverage on shares of Exelon in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, January 24th. One equities 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 given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.03.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. equities research analysts anticipate that Exelon Co. will post 3.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.65%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, February 14th. Exelon’s payout ratio is presently 34.94%.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares in the company, valued at approximately $1,073,789.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.
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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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