NewSquare Capital LLC lifted its holdings in Exelon Co. (NYSE:EXC) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,969 shares of the energy giant’s stock after buying an additional 2,916 shares during the quarter. NewSquare Capital LLC’s holdings in Exelon were worth $1,832,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of Exelon in the first quarter valued at about $323,000. California Public Employees Retirement System increased its position in Exelon by 26.1% in the second quarter. California Public Employees Retirement System now owns 3,106,660 shares of the energy giant’s stock worth $132,344,000 after purchasing an additional 643,409 shares during the period. BlackRock Inc. increased its position in Exelon by 1.0% in the second quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock worth $3,065,064,000 after purchasing an additional 721,483 shares during the period. AE Wealth Management LLC acquired a new stake in Exelon in the second quarter worth about $270,000. Finally, ING Groep NV increased its position in Exelon by 295.3% in the second quarter. ING Groep NV now owns 110,757 shares of the energy giant’s stock worth $4,718,000 after purchasing an additional 82,738 shares during the period. 78.81% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on EXC shares. SunTrust Banks lowered Exelon from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. Citigroup lowered Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Tuesday, October 9th. Guggenheim reiterated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research report on Monday, July 23rd. Finally, JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Tuesday, October 9th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Exelon currently has an average rating of “Hold” and an average price target of $45.50.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Research analysts anticipate that Exelon Co. will post 3.1 EPS for the current fiscal 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 given a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. Exelon’s payout ratio is currently 53.08%.
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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