Exelon Corp. (EXC) Position Reduced by Schroder Investment Management Group
Schroder Investment Management Group reduced its position in shares of Exelon Corp. (NYSE:EXC) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,256 shares of the energy giant’s stock after selling 6,502 shares during the period. Schroder Investment Management Group’s holdings in Exelon Corp. were worth $3,500,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Fund Advisors increased its stake in shares of Exelon Corp. by 1.6% in the first quarter. BlackRock Fund Advisors now owns 14,833,203 shares of the energy giant’s stock worth $531,919,000 after buying an additional 235,370 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Exelon Corp. by 3.3% in the first quarter. BlackRock Group LTD now owns 8,622,009 shares of the energy giant’s stock worth $309,183,000 after buying an additional 271,577 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Exelon Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 8,151,213 shares of the energy giant’s stock worth $291,761,000 after buying an additional 58,544 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Exelon Corp. by 5.4% in the first quarter. Legal & General Group Plc now owns 4,800,678 shares of the energy giant’s stock worth $172,144,000 after buying an additional 246,505 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Exelon Corp. by 65.5% in the second quarter. Jennison Associates LLC now owns 4,059,122 shares of the energy giant’s stock worth $147,590,000 after buying an additional 1,605,976 shares during the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Exelon Corp. (NYSE:EXC) traded up 2.12% during trading on Wednesday, hitting $34.63. 2,438,079 shares of the company traded hands. Exelon Corp. has a one year low of $25.09 and a one year high of $37.70. The firm has a market cap of $31.96 billion, a P/E ratio of 23.18 and a beta of 0.24. The firm has a 50 day moving average of $34.57 and a 200 day moving average of $34.98.
Exelon Corp. (NYSE:EXC) last released its earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The business earned $6.90 billion during the quarter, compared to analyst estimates of $7.30 billion. During the same period in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Exelon Corp. will post $2.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 15th were paid a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 11th. Exelon Corp.’s dividend payout ratio is presently 84.67%.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG lifted their price target on shares of Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Bank of America Corp. reiterated a “hold” rating and set a $37.00 price target on shares of Exelon Corp. in a research report on Thursday, August 11th. Jefferies Group reiterated a “buy” rating and set a $40.00 price target on shares of Exelon Corp. in a research report on Friday, August 12th. Barclays PLC reduced their price target on shares of Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded shares of Exelon Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.23.
In related news, CEO Kenneth W. Cornew sold 30,000 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the completion of the sale, the chief executive officer now directly owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.
Exelon Corp. Company Profile
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).
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corp. (NYSE:EXC).
Receive News & Ratings for Exelon Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.