Exelon Co. (EXC) Holdings Cut by AMP Capital Investors Ltd
AMP Capital Investors Ltd lowered its holdings in shares of Exelon Co. (NYSE:EXC) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 604,282 shares of the energy giant’s stock after selling 11,402 shares during the quarter. AMP Capital Investors Ltd’s holdings in Exelon were worth $23,816,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC boosted its position in Exelon by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,305,203 shares of the energy giant’s stock worth $405,288,000 after purchasing an additional 197,616 shares in the last quarter. Wells Fargo & Company MN boosted its position in Exelon by 3.1% during the third quarter. Wells Fargo & Company MN now owns 9,402,609 shares of the energy giant’s stock worth $354,196,000 after purchasing an additional 280,855 shares in the last quarter. CI Global Investments Inc. boosted its position in Exelon by 71.9% during the fourth quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after purchasing an additional 3,470,082 shares in the last quarter. Capital International Investors boosted its position in Exelon by 20.6% during the third quarter. Capital International Investors now owns 8,290,800 shares of the energy giant’s stock worth $312,314,000 after purchasing an additional 1,415,400 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Exelon by 19.2% during the fourth quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock worth $303,642,000 after purchasing an additional 1,242,889 shares in the last quarter. Institutional investors own 77.47% of the company’s stock.
Exelon Co. (NYSE EXC) opened at $37.50 on Friday. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The company has a market capitalization of $36,240.00, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 2.44 and a beta of 0.25. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Wednesday, February 14th. This is a boost from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) is currently 35.03%.
A number of equities analysts have issued reports on the company. UBS Group assumed coverage on Exelon in a research report on Friday, February 2nd. They set a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $36.00 to $40.00 in a research report on Tuesday, January 23rd. Morgan Stanley lowered their price target on Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price target on shares of Exelon in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.91.
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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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