Penserra Capital Management LLC Acquires Shares of 42,130 Exelon Co. (EXC)

Penserra Capital Management LLC acquired a new stake in Exelon Co. (NYSE:EXC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 42,130 shares of the energy giant’s stock, valued at approximately $1,839,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Exelon by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,127,003 shares of the energy giant’s stock valued at $82,974,000 after buying an additional 51,893 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Exelon by 24.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 187,174 shares of the energy giant’s stock valued at $7,971,000 after buying an additional 36,380 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Exelon by 6.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 106,225 shares of the energy giant’s stock valued at $4,525,000 after buying an additional 6,446 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Exelon by 12.6% in the 2nd quarter. Raymond James Trust N.A. now owns 23,302 shares of the energy giant’s stock valued at $993,000 after buying an additional 2,611 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Exelon by 8.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 342,944 shares of the energy giant’s stock valued at $14,609,000 after buying an additional 28,003 shares during the period. Institutional investors own 78.89% of the company’s stock.

Shares of Exelon stock opened at $45.04 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05. Exelon Co. has a twelve month low of $35.57 and a twelve month high of $45.29. The stock has a market capitalization of $43.20 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.26.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Exelon’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts forecast that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders 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 yield of 3.06%. Exelon’s dividend payout ratio (DPR) is currently 53.08%.

Several brokerages have recently issued reports on EXC. Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Exelon in a report on Wednesday. Morgan Stanley lifted their price target on Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. SunTrust Banks lowered Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, KeyCorp lifted their price target on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Exelon currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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About Exelon

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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