Bp Plc continued to hold its position in shares of Exelon Corporation (NYSE:EXC) during the fourth quarter, Holdings Channel reports. The fund owned 110,000 shares of the energy giant’s stock at the end of the fourth quarter. Bp Plc’s holdings in Exelon Corporation were worth $3,904,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of EXC. Price T Rowe Associates Inc. MD boosted its position in shares of Exelon Corporation by 13.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 41,934,992 shares of the energy giant’s stock worth $1,396,016,000 after buying an additional 5,128,151 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Exelon Corporation by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 25,549,379 shares of the energy giant’s stock valued at $850,539,000 after buying an additional 416,805 shares during the period. BlackRock Fund Advisors boosted its position in Exelon Corporation by 2.9% in the third quarter. BlackRock Fund Advisors now owns 16,067,426 shares of the energy giant’s stock valued at $534,885,000 after buying an additional 456,257 shares during the period. BlackRock Advisors LLC boosted its position in Exelon Corporation by 9.7% in the second quarter. BlackRock Advisors LLC now owns 10,455,121 shares of the energy giant’s stock valued at $380,148,000 after buying an additional 924,568 shares during the period. Finally, LSV Asset Management boosted its position in Exelon Corporation by 1.6% in the third quarter. LSV Asset Management now owns 10,088,215 shares of the energy giant’s stock valued at $335,836,000 after buying an additional 155,600 shares during the period. Hedge funds and other institutional investors own 75.83% of the company’s stock.
Exelon Corporation (NYSE:EXC) opened at 35.36 on Wednesday. The stock has a market cap of $32.71 billion, a PE ratio of 28.98 and a beta of 0.26. The company’s 50-day moving average is $35.45 and its 200 day moving average is $34.16. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $37.70.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, February 8th. The energy giant reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Exelon Corporation had a net margin of 3.59% and a return on equity of 9.24%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts expect that Exelon Corporation will post $2.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, February 13th. This is an increase from Exelon Corporation’s previous quarterly dividend of $0.32. Exelon Corporation’s dividend payout ratio (DPR) is presently 106.50%.
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Several research analysts recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating and set a $38.00 price target on shares of Exelon Corporation in a report on Friday, October 21st. Citigroup Inc. upgraded shares of Exelon Corporation from a “sell” rating to a “neutral” rating in a report on Friday, December 2nd. Zacks Investment Research upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, January 9th. Goldman Sachs Group, Inc. (The) cut their price target on shares of Exelon Corporation from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, February 10th. Finally, RBC Capital Markets set a $40.00 price target on shares of Exelon Corporation and gave the stock a “buy” rating in a report on Wednesday, January 4th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Exelon Corporation currently has a consensus rating of “Buy” and a consensus price target of $38.04.
In other news, Chairman Mayo A. Shattuck III sold 442,851 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $34.85, for a total value of $15,433,357.35. Following the transaction, the chairman now owns 660,500 shares in the company, valued at approximately $23,018,425. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 68,519 shares of the stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $33.89, for a total transaction of $2,322,108.91. Following the completion of the transaction, the chairman now owns 433,938 shares in the company, valued at approximately $14,706,158.82. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
About Exelon Corporation
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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