Barings LLC Raises Position in Exelon Co. (EXC)

Barings LLC boosted its stake in Exelon Co. (NYSE:EXC) by 43.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 40,922 shares of the energy giant’s stock after buying an additional 12,300 shares during the quarter. Barings LLC’s holdings in Exelon were worth $2,051,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Morgan Stanley grew its position in Exelon by 30.6% in the third quarter. Morgan Stanley now owns 3,925,149 shares of the energy giant’s stock valued at $171,371,000 after acquiring an additional 919,460 shares during the last quarter. Vanguard Group Inc grew its position in Exelon by 1.7% in the third quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after acquiring an additional 1,309,965 shares during the last quarter. Strs Ohio grew its position in Exelon by 1.9% in the fourth quarter. Strs Ohio now owns 557,047 shares of the energy giant’s stock valued at $25,122,000 after acquiring an additional 10,384 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in Exelon by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 28,713 shares of the energy giant’s stock valued at $1,295,000 after acquiring an additional 703 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Exelon in the fourth quarter valued at about $185,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EXC opened at $49.56 on Friday. The stock has a market cap of $48.12 billion, a PE ratio of 15.88, a PEG ratio of 4.14 and a beta of 0.37. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Exelon Co. has a 1-year low of $39.63 and a 1-year high of $51.03.

Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The company had revenue of $9.48 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 3.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 14th. Exelon’s dividend payout ratio is currently 46.47%.

A number of research analysts have issued reports on EXC shares. SunTrust Banks reiterated a “hold” rating and issued a $49.00 target price on shares of Exelon in a research report on Tuesday, February 12th. Wells Fargo & Co restated a “hold” rating on shares of Exelon in a report on Friday, February 8th. Mizuho boosted their price target on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Morgan Stanley boosted their price target on Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, Goldman Sachs Group upgraded Exelon from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $43.00 to $47.00 in a report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $48.97.

In related news, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $48.36, for a total value of $846,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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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. 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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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