California State Teachers Retirement System boosted its holdings in shares of Exelon Co. (NYSE:EXC) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,866,725 shares of the energy giant’s stock after purchasing an additional 150,332 shares during the period. California State Teachers Retirement System owned about 0.19% of Exelon worth $73,568,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Nationwide Fund Advisors lifted its stake in Exelon by 0.3% during the third quarter. Nationwide Fund Advisors now owns 857,371 shares of the energy giant’s stock worth $32,297,000 after purchasing an additional 2,969 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Exelon by 4.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,526 shares of the energy giant’s stock valued at $1,037,000 after acquiring an additional 1,250 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its stake in shares of Exelon by 14.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 14,465 shares of the energy giant’s stock valued at $545,000 after acquiring an additional 1,826 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Exelon by 21.3% in the 3rd quarter. Sei Investments Co. now owns 524,921 shares of the energy giant’s stock valued at $19,774,000 after acquiring an additional 92,088 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Exelon by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 465,789 shares of the energy giant’s stock valued at $17,546,000 after acquiring an additional 16,767 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.
A number of brokerages have recently commented on EXC. Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and increased their price target for the company from $36.00 to $40.00 in a research note on Tuesday, January 23rd. KeyCorp dropped their price target on Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, February 9th. SunTrust Banks set a $42.00 price target on Exelon and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Morgan Stanley increased their price target on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.91.
Exelon (NYSE:EXC) last posted 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 company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. equities analysts anticipate that Exelon Co. will post 3.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.68%. This is an increase from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, February 14th. Exelon’s dividend payout ratio is presently 34.94%.
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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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