Luminus Management LLC grew its stake in shares of Exelon Co. (NYSE:EXC) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 874,855 shares of the energy giant’s stock after purchasing an additional 233,208 shares during the period. Exelon makes up 0.7% of Luminus Management LLC’s investment portfolio, making the stock its 29th biggest holding. Luminus Management LLC owned about 0.09% of Exelon worth $34,478,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exelon by 2.0% during 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 purchasing an additional 10,516 shares during the period. Harrington Investments INC acquired a new stake in shares of Exelon in the 4th quarter worth about $334,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Exelon by 12.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 254,521 shares of the energy giant’s stock worth $9,588,000 after acquiring an additional 27,800 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Exelon in the 4th quarter worth about $268,000. Finally, Norinchukin Bank The raised its holdings in shares of Exelon by 3.9% in the 3rd quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock worth $4,735,000 after acquiring an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.
EXC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Exelon from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Mizuho initiated coverage on shares of Exelon in a report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Morgan Stanley upped their target price on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, January 24th. Finally, 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 report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.91.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 25.90% and a net margin of 23.20%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. equities analysts predict that Exelon Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were given a dividend of $0.345 per share. This is an increase from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, February 14th. Exelon’s dividend payout ratio is currently 35.03%.
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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