DNB Asset Management AS grew its holdings in shares of Exelon Co. (NYSE:EXC) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,476 shares of the energy giant’s stock after buying an additional 2,737 shares during the period. DNB Asset Management AS’s holdings in Exelon were worth $6,744,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Landaas & Co. WI ADV acquired a new position in shares of Exelon during the second quarter worth approximately $116,000. Private Capital Group LLC raised its position in shares of Exelon by 836.4% during the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after purchasing an additional 3,011 shares during the period. Summit Trail Advisors LLC raised its position in shares of Exelon by 2,718.1% during the first quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock worth $154,000 after purchasing an additional 148,707 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Exelon during the second quarter worth approximately $160,000. Finally, Cerebellum GP LLC acquired a new position in shares of Exelon during the third quarter worth approximately $185,000. 78.62% of the stock is currently owned by institutional investors.
Shares of NYSE:EXC opened at $42.91 on Friday. The firm has a market capitalization of $42.17 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.49 and a beta of 0.24. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 1.02. Exelon Co. has a 1 year low of $35.57 and a 1 year high of $45.05.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts forecast that Exelon Co. will post 3.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid 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 3.22%. Exelon’s payout ratio is 53.08%.
A number of equities analysts have recently weighed in on the company. SunTrust Banks lowered Exelon from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley increased their price target on Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. KeyCorp increased their price target on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Wells Fargo & Co increased their price target on Exelon from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Finally, JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently 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.
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