Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Exelon Co. (NYSE:EXC) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,767 shares of the energy giant’s stock after selling 10,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Exelon were worth $13,088,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Dupont Capital Management Corp lifted its stake in Exelon by 2.8% during the third quarter. Dupont Capital Management Corp now owns 363,310 shares of the energy giant’s stock worth $15,862,000 after purchasing an additional 9,853 shares during the last quarter. Regal Investment Advisors LLC lifted its stake in Exelon by 29.1% during the third quarter. Regal Investment Advisors LLC now owns 19,139 shares of the energy giant’s stock worth $836,000 after purchasing an additional 4,319 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Exelon during the third quarter worth approximately $1,839,000. Janney Montgomery Scott LLC lifted its stake in Exelon by 4.8% during the third quarter. Janney Montgomery Scott LLC now owns 89,709 shares of the energy giant’s stock worth $3,917,000 after purchasing an additional 4,127 shares during the last quarter. Finally, Psagot Investment House Ltd. purchased a new stake in Exelon during the third quarter worth approximately $127,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.
Shares of NYSE EXC opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon Co. has a twelve month low of $35.57 and a twelve month high of $45.29. The company has a market capitalization of $43.20 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.87 and a beta of 0.26.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Exelon Co. will post 3.12 earnings per share for the current 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 $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is currently 53.08%.
Several research firms recently weighed in on EXC. Royal Bank of Canada restated a “buy” rating and set a $46.00 target price on shares of Exelon in a research note on Wednesday. Morgan Stanley boosted their target price on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. SunTrust Banks cut Exelon from a “buy” rating to a “hold” rating and set a $33.00 target price 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 boosted their target price on Exelon from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 17th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.00.
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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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