Two Sigma Advisers LP grew its holdings in shares of Exelon Co. (NYSE:EXC) by 64.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,883,913 shares of the energy giant’s stock after purchasing an additional 741,066 shares during the quarter. Two Sigma Advisers LP owned about 0.20% of Exelon worth $74,245,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Exelon by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 10,305,203 shares of the energy giant’s stock worth $405,288,000 after acquiring an additional 197,616 shares during the period. Wells Fargo & Company MN raised its holdings in Exelon by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock worth $354,196,000 after acquiring an additional 280,855 shares during the period. CI Global Investments Inc. raised its holdings in Exelon by 71.9% in the 4th quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after acquiring an additional 3,470,082 shares during the period. Capital International Investors raised its holdings in Exelon by 20.6% in the 3rd quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after acquiring an additional 1,415,400 shares during the period. Finally, Jennison Associates LLC raised its holdings in Exelon by 19.2% in the 4th quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock worth $303,642,000 after acquiring an additional 1,242,889 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.
Exelon Co. (EXC) opened at $37.44 on Wednesday. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The stock has a market cap of $36,217.55, a PE ratio of 14.49, a PEG ratio of 2.45 and a beta of 0.25.
The firm 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 a positive change from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, February 14th. Exelon’s payout ratio is 34.94%.
Several research analysts recently commented on the stock. Mizuho upgraded shares of Exelon from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $36.00 to $40.00 in a report on Tuesday, January 23rd. KeyCorp dropped 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. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, February 9th. SunTrust Banks set a $42.00 target price on shares of Exelon and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Morgan Stanley boosted their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.91.
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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