Exelon Co. (EXC) Position Lessened by Equity Investment Corp

Equity Investment Corp cut its holdings in Exelon Co. (NYSE:EXC) by 25.2% during the 3rd quarter, Holdings Channel reports. The firm owned 2,228,528 shares of the energy giant’s stock after selling 752,575 shares during the period. Exelon makes up approximately 3.1% of Equity Investment Corp’s investment portfolio, making the stock its 11th biggest position. Equity Investment Corp’s holdings in Exelon were worth $97,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXC. California Public Employees Retirement System boosted its position in shares of Exelon by 26.1% in the 2nd quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock worth $132,344,000 after purchasing an additional 643,409 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Exelon in the 3rd quarter worth approximately $185,000. BlackRock Inc. boosted its position 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 worth $3,065,064,000 after purchasing an additional 721,483 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Exelon in the 2nd quarter worth approximately $270,000. Finally, Twin Capital Management Inc. boosted its position in shares of Exelon by 0.8% in the 2nd quarter. Twin Capital Management Inc. now owns 223,710 shares of the energy giant’s stock worth $9,530,000 after purchasing an additional 1,830 shares in the last quarter. 78.89% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on EXC shares. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 21st. Citigroup lowered shares of Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Tuesday, October 9th. Finally, Guggenheim restated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a report on Monday, July 23rd. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.83.

Shares of NYSE EXC opened at $44.31 on Wednesday. Exelon Co. has a twelve month low of $35.57 and a twelve month high of $45.05. The company has a market capitalization of $41.97 billion, a P/E ratio of 17.04, a PEG ratio of 2.46 and a beta of 0.26. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05.

Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Sell-side analysts expect that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The business also recently announced 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. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.11%. Exelon’s dividend payout ratio is presently 53.08%.

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Exelon Company Profile

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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