Nisa Investment Advisors LLC lessened its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 204,487 shares of the company's stock after selling 16,058 shares during the quarter. Nisa Investment Advisors LLC's holdings in Exelon were worth $7,697,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock worth $1,048,823,000 after purchasing an additional 403,542 shares during the last quarter. FMR LLC grew its holdings in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after buying an additional 1,858,502 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company's stock worth $363,626,000 after buying an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock valued at $261,402,000 after buying an additional 123,466 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Stock Up 0.4 %
Shares of EXC stock traded up $0.14 during trading hours on Friday, hitting $39.38. 5,362,623 shares of the company were exchanged, compared to its average volume of 4,739,275. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.61 and a beta of 0.55. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The business's 50-day simple moving average is $38.12 and its two-hundred day simple moving average is $38.36. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.
Exelon Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon's dividend payout ratio is currently 62.55%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on EXC. Barclays cut their price objective on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday. Evercore ISI raised Exelon from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $43.00 to $44.00 in a research report on Tuesday. Scotiabank increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.13.
Check Out Our Latest Analysis on EXC
About Exelon
(
Free Report)
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
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