Bank of Montreal Can grew its holdings in shares of Exelon Co. (NYSE:EXC) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,700,433 shares of the energy giant’s stock after purchasing an additional 218,696 shares during the quarter. Bank of Montreal Can owned about 0.69% of Exelon worth $292,541,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Exelon by 1.0% during the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares in the last quarter. LSV Asset Management raised its holdings in Exelon by 4.6% in the 2nd quarter. LSV Asset Management now owns 12,606,244 shares of the energy giant’s stock worth $537,025,000 after acquiring an additional 550,382 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Exelon by 269.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock worth $485,304,000 after acquiring an additional 9,072,773 shares during the period. Northern Trust Corp raised its holdings in Exelon by 3.2% in the 2nd quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock worth $491,793,000 after acquiring an additional 359,605 shares during the period. Finally, Jennison Associates LLC raised its holdings in Exelon by 0.7% in the 2nd quarter. Jennison Associates LLC now owns 7,208,111 shares of the energy giant’s stock worth $307,066,000 after acquiring an additional 52,218 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.
Shares of NYSE:EXC traded up $0.27 on Friday, hitting $43.00. 665,925 shares of the company were exchanged, compared to its average volume of 6,058,250. Exelon Co. has a one year low of $35.57 and a one year high of $45.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.19. The company has a market cap of $42.17 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.49 and a beta of 0.24.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Exelon Co. will post 3.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.21%. Exelon’s payout ratio is 53.08%.
Several brokerages recently commented on EXC. Scotiabank reiterated a “sector outperform” rating on shares of Exelon in a report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Howard Weil began coverage on shares of Exelon in a report on Tuesday, July 24th. They issued a “sector outperform” rating and a $47.00 target price on the stock. Barclays began coverage on shares of Exelon in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 target price on the stock. Finally, Citigroup downgraded shares of Exelon from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.50.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
Further Reading: Compound Annual Growth Rate (CAGR)
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