Psagot Investment House Ltd. Acquires New Holdings in Exelon Co. (EXC)

Psagot Investment House Ltd. acquired a new stake in shares of Exelon Co. (NYSE:EXC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,910 shares of the energy giant’s stock, valued at approximately $127,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Exelon by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,127,003 shares of the energy giant’s stock worth $82,974,000 after acquiring an additional 51,893 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Exelon by 10.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,037 shares of the energy giant’s stock worth $1,280,000 after acquiring an additional 2,800 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Exelon by 24.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 187,174 shares of the energy giant’s stock worth $7,971,000 after acquiring an additional 36,380 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Exelon by 6.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 106,225 shares of the energy giant’s stock worth $4,525,000 after acquiring an additional 6,446 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Exelon by 12.6% in the 2nd quarter. Raymond James Trust N.A. now owns 23,302 shares of the energy giant’s stock worth $993,000 after acquiring an additional 2,611 shares during the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Shares of EXC opened at $44.75 on Friday. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 2.84 and a beta of 0.26. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33. Exelon Co. has a fifty-two week low of $35.57 and a fifty-two week high of $45.05.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 53.08%.

A number of equities analysts recently issued reports on the company. Scotiabank restated a “sector outperform” rating on shares of Exelon in a research note on Wednesday, July 25th. Credit Suisse Group raised their target price on Exelon from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Howard Weil assumed coverage on Exelon in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $46.00 target price on shares of Exelon in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.00.

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Exelon 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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