Exelon Corp. (EXC) Stake Raised by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC increased its stake in Exelon Corp. (NYSE:EXC) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 226,143 shares of the energy giant’s stock after buying an additional 4,130 shares during the period. Nisa Investment Advisors LLC’s holdings in Exelon Corp. were worth $7,528,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EXC. Bank of Montreal Can acquired a new stake in Exelon Corp. during the second quarter valued at about $91,853,000. Jennison Associates LLC increased its stake in Exelon Corp. by 65.5% in the second quarter. Jennison Associates LLC now owns 4,059,122 shares of the energy giant’s stock valued at $147,590,000 after buying an additional 1,605,976 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Exelon Corp. during the second quarter valued at about $57,565,000. LNZ Capital LP increased its stake in Exelon Corp. by 74.9% in the second quarter. LNZ Capital LP now owns 2,802,163 shares of the energy giant’s stock valued at $101,887,000 after buying an additional 1,199,888 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Exelon Corp. by 6.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,222,321 shares of the energy giant’s stock valued at $626,203,000 after buying an additional 1,070,084 shares during the last quarter. 73.92% of the stock is owned by institutional investors.
Shares of Exelon Corp. (NYSE:EXC) traded down 3.00% during midday trading on Wednesday, reaching $32.65. The company had a trading volume of 3,864,546 shares. Exelon Corp. has a 12-month low of $25.09 and a 12-month high of $37.70. The company has a 50 day moving average of $32.51 and a 200 day moving average of $34.26. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 24.48 and a beta of 0.21.
Exelon Corp. (NYSE:EXC) last issued its quarterly earnings results on Wednesday, October 26th. The energy giant reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The company earned $8.84 billion during the quarter, compared to analysts’ expectations of $7.97 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Exelon Corp.’s revenue was up 19.2% on a year-over-year basis. Analysts anticipate that Exelon Corp. will post $2.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, November 10th. Exelon Corp.’s dividend payout ratio is 94.78%.
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Several analysts recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $38.00 price target on shares of Exelon Corp. in a research report on Friday, October 21st. Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of Exelon Corp. in a research report on Friday, August 12th. Morgan Stanley set a $38.00 price target on shares of Exelon Corp. and gave the company a “hold” rating in a research report on Thursday, August 11th. Bank of America Corp. reissued a “hold” rating and issued a $37.00 price target on shares of Exelon Corp. in a research report on Thursday, August 11th. Finally, Barclays PLC dropped their price objective on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.92.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the sale, the chief executive officer now owns 18,109 shares in the company, valued at approximately $633,815. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.80% of the company’s stock.
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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