Electron Capital Partners LLC reduced its stake in Exelon Co. (NYSE:EXC) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,600,564 shares of the energy giant’s stock after selling 18,990 shares during the quarter. Exelon comprises approximately 10.6% of Electron Capital Partners LLC’s portfolio, making the stock its biggest holding. Electron Capital Partners LLC owned approximately 0.17% of Exelon worth $63,078,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of EXC. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Exelon in the third quarter valued at $102,000. NuWave Investment Management LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $105,000. Delpha Capital Management LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $108,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $118,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $122,000. Institutional investors and hedge funds own 78.17% of the company’s stock.
Several equities analysts recently commented on EXC shares. JPMorgan Chase & Co. dropped their target price on Exelon from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Mizuho started coverage on Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price for the company. Morgan Stanley upped their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, January 24th. Finally, KeyCorp dropped their target price on Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Exelon currently has a consensus rating of “Buy” and a consensus price target of $40.91.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $7.66 billion. Exelon had a return on equity of 25.90% and a net margin of 23.20%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. sell-side analysts anticipate that Exelon Co. will post 3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.345 per share. The ex-dividend date was Wednesday, February 14th. This is a positive change from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a yield of 3.68%. Exelon’s dividend payout ratio is currently 34.94%.
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Exelon Company Profile
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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