NN Investment Partners Holdings N.V. increased its stake in shares of Exelon Co. (NYSE:EXC) by 182.6% during the first quarter, Holdings Channel reports. The firm owned 744,723 shares of the energy giant’s stock after buying an additional 481,178 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Exelon were worth $26,795,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. BKD Wealth Advisors LLC raised its stake in shares of Exelon by 12.6% in the first quarter. BKD Wealth Advisors LLC now owns 9,845 shares of the energy giant’s stock valued at $354,000 after buying an additional 1,105 shares during the period. Allianz Asset Management AG raised its stake in shares of Exelon by 18.4% in the fourth quarter. Allianz Asset Management AG now owns 2,097,562 shares of the energy giant’s stock valued at $74,442,000 after buying an additional 325,314 shares during the period. Credit Agricole S A raised its stake in shares of Exelon by 24.6% in the fourth quarter. Credit Agricole S A now owns 538,362 shares of the energy giant’s stock valued at $19,107,000 after buying an additional 106,388 shares during the period. State Street Corp raised its stake in shares of Exelon by 0.5% in the fourth quarter. State Street Corp now owns 55,922,259 shares of the energy giant’s stock valued at $1,984,678,000 after buying an additional 298,425 shares during the period. Finally, Blenheim Capital Management BV bought a new stake in shares of Exelon during the fourth quarter valued at about $1,153,000. 75.83% of the stock is currently owned by institutional investors.
Exelon Co. (EXC) traded up 0.398% during midday trading on Friday, reaching $36.545. 369,627 shares of the company’s stock were exchanged. The stock has a market cap of $33.84 billion, a PE ratio of 17.394 and a beta of 0.26. The firm has a 50 day moving average of $35.15 and a 200-day moving average of $35.30. Exelon Co. has a 12 month low of $29.82 and a 12 month high of $37.70.
Exelon (NYSE:EXC) last issued its earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. Exelon had a net margin of 3.59% and a return on equity of 9.24%. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.69 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts predict that Exelon Co. will post $2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Monday, May 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, May 11th. Exelon’s dividend payout ratio is 106.50%.
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EXC has been the topic of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 price target on shares of Exelon in a report on Friday, March 17th. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Wells Fargo & Co lowered shares of Exelon from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 5th. Goldman Sachs Group Inc decreased their price target on shares of Exelon from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, February 10th. Finally, KeyCorp raised shares of Exelon from a “sector weight” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Monday, February 13th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Exelon currently has an average rating of “Hold” and a consensus price target of $38.96.
In other news, Director John W. Rogers, Jr. bought 3,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average price of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the acquisition, the director now owns 14,374 shares of the company’s stock, valued at $482,535.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.
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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