Haverford Trust Co. decreased its position in shares of Exelon Co. (NYSE:EXC) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,017 shares of the energy giant’s stock after selling 411 shares during the period. Haverford Trust Co.’s holdings in Exelon were worth $387,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EXC. Nuveen Asset Management LLC lifted its stake in Exelon by 16,120.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,935,141 shares of the energy giant’s stock worth $284,531,000 after acquiring an additional 5,898,551 shares in the last quarter. BlackRock Inc. lifted its stake in Exelon by 2.1% during the 2nd quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock worth $3,537,307,000 after acquiring an additional 1,551,062 shares in the last quarter. State of Michigan Retirement System raised its position in Exelon by 645.6% in the 3rd quarter. State of Michigan Retirement System now owns 1,733,597 shares of the energy giant’s stock valued at $83,750,000 after purchasing an additional 1,501,100 shares in the last quarter. First Trust Advisors LP raised its position in Exelon by 101.0% in the 2nd quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after purchasing an additional 1,092,170 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in Exelon in the 2nd quarter valued at about $49,968,000. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on EXC shares. Barclays reaffirmed a “buy” rating and issued a $54.00 price target on shares of Exelon in a research report on Thursday, September 26th. Argus reaffirmed a “buy” rating and issued a $53.00 price target on shares of Exelon in a research report on Wednesday, September 18th. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Mizuho reduced their price target on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.00.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.3625 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.24%. Exelon’s payout ratio is currently 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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