Nordea Investment Management AB boosted its position in Exelon Co. (NYSE:EXC) by 1.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,773,041 shares of the energy giant’s stock after purchasing an additional 31,612 shares during the quarter. Nordea Investment Management AB’s holdings in Exelon were worth $139,012,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in EXC. Norges Bank acquired a new position in Exelon in the 4th quarter valued at about $319,596,000. AQR Capital Management LLC raised its stake in Exelon by 37.0% in the 1st quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock valued at $1,216,738,000 after purchasing an additional 6,567,683 shares during the last quarter. BlackRock Inc. raised its stake in Exelon by 4.6% in the 4th quarter. BlackRock Inc. now owns 75,231,069 shares of the energy giant’s stock valued at $3,392,922,000 after purchasing an additional 3,305,035 shares during the last quarter. Bessemer Group Inc. raised its stake in Exelon by 360.7% in the 4th quarter. Bessemer Group Inc. now owns 1,778,554 shares of the energy giant’s stock valued at $80,212,000 after purchasing an additional 1,392,526 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in Exelon by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after purchasing an additional 1,309,965 shares during the last quarter. 79.75% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on EXC. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and boosted their target price for the company from $43.00 to $47.00 in a research note on Tuesday, April 9th. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Mizuho upped their price objective on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Morgan Stanley upped their price objective on shares of Exelon from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, KeyCorp began coverage on shares of Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Exelon has a consensus rating of “Buy” and an average price target of $49.41.
NYSE EXC opened at $50.80 on Monday. Exelon Co. has a 12 month low of $40.58 and a 12 month high of $51.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. The stock has a market cap of $49.32 billion, a PE ratio of 16.28, a P/E/G ratio of 4.26 and a beta of 0.39.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.87. The firm had revenue of $9.48 billion during the quarter, compared to the consensus estimate of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, analysts expect that Exelon Co. will post 3.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, May 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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