Exelon Corp. (EXC) Stake Increased by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund boosted its stake in Exelon Corp. (NYSE:EXC) by 75.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 509,636 shares of the energy giant’s stock after buying an additional 219,059 shares during the period. Oregon Public Employees Retirement Fund owned 0.06% of Exelon Corp. worth $16,966,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. FirstMerit Bank N A Trustee boosted its position in Exelon Corp. by 0.6% in the second quarter. FirstMerit Bank N A Trustee now owns 14,912 shares of the energy giant’s stock valued at $542,000 after buying an additional 88 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Exelon Corp. by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 792,690 shares of the energy giant’s stock valued at $28,822,000 after buying an additional 11,062 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Exelon Corp. by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 238,609 shares of the energy giant’s stock valued at $8,676,000 after buying an additional 14,630 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Exelon Corp. by 1.2% in the second quarter. CHICAGO TRUST Co NA now owns 9,759 shares of the energy giant’s stock valued at $355,000 after buying an additional 112 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Exelon Corp. by 13.2% in the second quarter. DNB Asset Management AS now owns 83,239 shares of the energy giant’s stock valued at $3,027,000 after buying an additional 9,700 shares during the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corp. (NYSE:EXC) traded up 2.36% on Monday, hitting $32.48. 5,358,349 shares of the stock were exchanged. The company has a 50-day moving average of $32.49 and a 200 day moving average of $34.39. Exelon Corp. has a 12 month low of $25.09 and a 12 month high of $37.70. The firm has a market cap of $29.99 billion, a P/E ratio of 24.35 and a beta of 0.21.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings data on Wednesday, October 26th. The energy giant reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. The firm earned $8.84 billion during the quarter, compared to analysts’ expectations of $7.97 billion. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. Equities research analysts expect that Exelon Corp. will post $2.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be paid a $0.318 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.92%. Exelon Corp.’s dividend payout ratio (DPR) is presently 94.78%.
EXC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Exelon Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Bank of America Corp. restated a “hold” rating and set a $37.00 price target on shares of Exelon Corp. in a research note on Thursday, August 11th. Deutsche Bank AG raised their price target on shares of Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Morgan Stanley set a $38.00 price target on shares of Exelon Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Finally, Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of Exelon Corp. in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.92.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the completion of the sale, the chief executive officer now directly owns 18,109 shares of the company’s stock, valued at $633,815. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by insiders.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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