Exelon Co. (EXC) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Exelon Co. (NYSE:EXC) by 104.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,759,000 shares of the energy giant’s stock after acquiring an additional 1,410,100 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of Exelon worth $120,458,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXC. Panagora Asset Management Inc. increased its stake in Exelon by 81.6% during the third quarter. Panagora Asset Management Inc. now owns 4,032,339 shares of the energy giant’s stock worth $176,052,000 after acquiring an additional 1,811,983 shares during the last quarter. State Treasurer State of Michigan increased its stake in Exelon by 71.6% during the second quarter. State Treasurer State of Michigan now owns 4,185,797 shares of the energy giant’s stock worth $178,315,000 after acquiring an additional 1,746,700 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Exelon by 1,187.3% during the second quarter. Glenmede Trust Co. NA now owns 1,187,053 shares of the energy giant’s stock worth $50,568,000 after acquiring an additional 1,094,843 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Exelon by 31.9% during the third quarter. Russell Investments Group Ltd. now owns 3,733,728 shares of the energy giant’s stock worth $161,330,000 after acquiring an additional 902,458 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Exelon by 18.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,166,583 shares of the energy giant’s stock worth $220,097,000 after acquiring an additional 816,893 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.

EXC stock opened at $46.96 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 1 year low of $35.57 and a 1 year high of $47.40. The stock has a market capitalization of $45.35 billion, a PE ratio of 18.06, a P/E/G ratio of 3.29 and a beta of 0.30.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid a $0.345 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.94%. Exelon’s dividend payout ratio (DPR) is currently 53.08%.

Several brokerages have commented on EXC. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday. SunTrust Banks restated a “hold” rating and set a $48.00 price target on shares of Exelon in a research note on Monday, December 3rd. Barclays upped their price target on Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of Exelon in a research note on Wednesday, November 7th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Exelon currently has an average rating of “Buy” and a consensus price target of $46.44.

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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.

Further Reading: Earnings Reports

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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