Zimmer Partners LP acquired a new stake in shares of Exelon Co. (NYSE:EXC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 925,000 shares of the energy giant’s stock, valued at approximately $36,454,000. Zimmer Partners LP owned approximately 0.10% of Exelon at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in EXC. Nationwide Fund Advisors grew its holdings in shares of Exelon by 0.3% in the third quarter. Nationwide Fund Advisors now owns 857,371 shares of the energy giant’s stock valued at $32,297,000 after purchasing an additional 2,969 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its position in Exelon by 14.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 14,465 shares of the energy giant’s stock worth $545,000 after buying an additional 1,826 shares during the last quarter. Sei Investments Co. lifted its position in Exelon by 21.3% in the third quarter. Sei Investments Co. now owns 524,921 shares of the energy giant’s stock worth $19,774,000 after buying an additional 92,088 shares during the last quarter. Retirement Systems of Alabama lifted its position in Exelon by 3.7% in the third quarter. Retirement Systems of Alabama now owns 465,789 shares of the energy giant’s stock worth $17,546,000 after buying an additional 16,767 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Exelon by 2.6% in the third quarter. CIBC Asset Management Inc now owns 94,714 shares of the energy giant’s stock worth $3,568,000 after buying an additional 2,371 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $36.00 to $40.00 in a research report on Tuesday, January 23rd. KeyCorp lowered their price target on Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a research report 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 report on Friday, February 9th. SunTrust Banks set a $42.00 price target on Exelon and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Morgan Stanley lifted their target price on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. One equities 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average 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 consensus estimate of $0.60 by ($0.05). The firm had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. analysts forecast that Exelon Co. will post 3.06 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.65%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) 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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