Alliancebernstein L.P. trimmed its stake in shares of Exelon Co. (NYSE:EXC) by 31.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,953,623 shares of the energy giant’s stock after selling 909,584 shares during the period. Alliancebernstein L.P. owned 0.20% of Exelon worth $76,992,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Exelon by 2.0% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock valued at $20,513,000 after acquiring an additional 10,516 shares in the last quarter. Harrington Investments INC purchased a new position in shares of Exelon in the 4th quarter worth $334,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Exelon by 12.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 254,521 shares of the energy giant’s stock worth $9,588,000 after buying an additional 27,800 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Exelon in the 4th quarter worth $268,000. Finally, Norinchukin Bank The grew its stake in shares of Exelon by 3.9% in the 3rd quarter. Norinchukin Bank The now owns 125,692 shares of the energy giant’s stock worth $4,735,000 after buying an additional 4,680 shares in the last quarter. 78.09% of the stock is owned by institutional investors.
In related news, CEO Calvin Butler, Jr. sold 25,000 shares of Exelon stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $37.94, for a total transaction of $948,500.00. Following the completion of the sale, the chief executive officer now owns 19,429 shares in the company, valued at approximately $737,136.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.
EXC traded down $0.75 on Monday, reaching $38.26. 7,398,704 shares of the company traded hands, compared to its average volume of 7,118,171. Exelon Co. has a one year low of $33.30 and a one year high of $42.67. The firm has a market capitalization of $37,645.79, a price-to-earnings ratio of 14.72, a PEG ratio of 2.55 and a beta of 0.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. equities analysts anticipate that Exelon Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were issued a dividend of $0.345 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.61%. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
A number of equities analysts have commented on EXC shares. SunTrust Banks set a $42.00 price objective on shares of Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, February 2nd. UBS started coverage on shares of Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Mizuho raised shares of Exelon from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Exelon presently has a consensus rating of “Buy” and a consensus target price of $41.41.
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Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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