Canada Pension Plan Investment Board Acquires 19,500 Shares of Exelon Co. (EXC)
Canada Pension Plan Investment Board raised its holdings in Exelon Co. (NYSE:EXC) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 3,043,563 shares of the energy giant’s stock after buying an additional 19,500 shares during the period. Canada Pension Plan Investment Board’s holdings in Exelon were worth $137,253,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of Exelon during the 3rd quarter worth approximately $26,000. Moody National Bank Trust Division acquired a new stake in shares of Exelon during the 4th quarter worth approximately $26,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Exelon by 84.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock worth $44,000 after buying an additional 445 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $48,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $49,000. Institutional investors own 80.71% of the company’s stock.
In related news, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $47.88, for a total value of $837,900.00. Following the completion of the sale, the executive vice president now owns 67,548 shares in the company, valued at approximately $3,234,198.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.
Exelon (NYSE:EXC) last posted its earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Exelon Co. will post 3.15 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be issued a $0.3625 dividend. This represents a $1.45 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, February 19th. This is an increase from Exelon’s previous quarterly dividend of $0.35. Exelon’s dividend payout ratio (DPR) is 44.23%.
A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, November 26th. SunTrust Banks restated a “hold” rating and set a $49.00 price target on shares of Exelon in a report on Tuesday. Scotiabank restated a “buy” rating and set a $50.00 price target on shares of Exelon in a report on Wednesday. Finally, ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a report on Friday, December 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.94.
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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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