Swiss National Bank Has $85,007,000 Stake in Exelon Corp. (EXC)
Swiss National Bank lowered its stake in Exelon Corp. (NYSE:EXC) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,553,530 shares of the energy giant’s stock after selling 25,100 shares during the period. Swiss National Bank owned about 0.28% of Exelon Corp. worth $85,007,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in EXC. Panagora Asset Management Inc. raised its position in Exelon Corp. by 26.6% in the first quarter. Panagora Asset Management Inc. now owns 114,994 shares of the energy giant’s stock valued at $4,124,000 after buying an additional 24,164 shares during the period. First Republic Investment Management Inc. raised its position in Exelon Corp. by 43.8% in the first quarter. First Republic Investment Management Inc. now owns 23,898 shares of the energy giant’s stock valued at $856,000 after buying an additional 7,282 shares during the period. Boothbay Fund Management LLC acquired a new position in Exelon Corp. during the first quarter valued at approximately $291,000. CT Financial Advisors LLC raised its position in Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock valued at $149,000 after buying an additional 11 shares during the period. Finally, Raymond James Trust N.A. raised its position in Exelon Corp. by 1.1% in the second quarter. Raymond James Trust N.A. now owns 28,439 shares of the energy giant’s stock valued at $1,034,000 after buying an additional 308 shares during the period. 73.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corp. (NYSE:EXC) opened at 33.66 on Wednesday. The stock has a 50 day moving average of $32.51 and a 200 day moving average of $34.26. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70. The stock has a market capitalization of $31.08 billion, a P/E ratio of 25.23 and a beta of 0.21.
Exelon Corp. (NYSE:EXC) last posted its earnings results on Wednesday, October 26th. The energy giant reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $7.97 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts forecast that Exelon Corp. will post $2.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be issued a $0.318 dividend. 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 payout ratio is 94.78%.
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Several research firms have recently commented on EXC. JPMorgan Chase & Co. decreased their price target on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, August 16th. Bank of America Corp. reissued a “hold” rating and set a $37.00 target price on shares of Exelon Corp. in a research note on Thursday, August 11th. Morgan Stanley set a $38.00 target price on shares of Exelon Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. Jefferies Group reissued a “buy” rating and set a $40.00 target price on shares of Exelon Corp. in a research note on Friday, August 12th. Finally, Deutsche Bank AG boosted their target price on shares of Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $36.92.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the sale, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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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