Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.59 Million Stake in Exelon Corporation (EXC)
Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Exelon Corporation (NYSE:EXC) by 12.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,521 shares of the energy giant’s stock after acquiring an additional 27,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Exelon Corporation were worth $9,588,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Exelon Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after acquiring an additional 4,453,759 shares during the period. FMR LLC raised its stake in Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares in the last quarter. Franklin Resources Inc. raised its stake in Exelon Corporation by 60.2% in the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after purchasing an additional 4,102,441 shares in the last quarter. LSV Asset Management raised its stake in Exelon Corporation by 2.6% in the second quarter. LSV Asset Management now owns 10,891,305 shares of the energy giant’s stock valued at $392,849,000 after purchasing an additional 272,700 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Exelon Corporation by 16.1% in the second quarter. Wells Fargo & Company MN now owns 9,121,754 shares of the energy giant’s stock valued at $329,022,000 after purchasing an additional 1,266,986 shares in the last quarter. Institutional investors own 77.37% of the company’s stock.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the completion of the sale, the chairman now owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the transaction, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,312,787 shares of company stock worth $52,683,909. Insiders own 0.70% of the company’s stock.
A number of brokerages recently weighed in on EXC. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Exelon Corporation in a research note on Tuesday, November 7th. Bank of America Corporation began coverage on shares of Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research raised shares of Exelon Corporation from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks, Inc. reissued a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co lifted their price target on shares of Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $40.64.
Shares of Exelon Corporation (NYSE EXC) traded up $0.30 during trading hours on Wednesday, hitting $42.39. The company had a trading volume of 5,277,900 shares, compared to its average volume of 4,866,602. Exelon Corporation has a 52 week low of $30.93 and a 52 week high of $42.46. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market cap of $40,420.00, a P/E ratio of 16.97, a PEG ratio of 3.66 and a beta of 0.31.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.58 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. research analysts predict that Exelon Corporation will post 2.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.09%. Exelon Corporation’s payout ratio is 58.74%.
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About Exelon Corporation
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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