American Century Companies Inc. Trims Holdings in Exelon (EXC)
American Century Companies Inc. lowered its position in Exelon (NYSE:EXC) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 587,869 shares of the energy giant’s stock after selling 36,266 shares during the quarter. American Century Companies Inc.’s holdings in Exelon were worth $22,933,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. CI Global Investments Inc. lifted its position in shares of Exelon by 71.9% during the 4th quarter. CI Global Investments Inc. now owns 8,297,053 shares of the energy giant’s stock worth $326,987,000 after buying an additional 3,470,082 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Exelon by 51,895.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,367,739 shares of the energy giant’s stock worth $132,723,000 after buying an additional 3,361,262 shares during the period. Jennison Associates LLC lifted its position in shares of Exelon by 19.2% during the 4th quarter. Jennison Associates LLC now owns 7,704,703 shares of the energy giant’s stock worth $303,642,000 after buying an additional 1,242,889 shares during the period. Element Capital Management LLC bought a new position in shares of Exelon during the 4th quarter worth approximately $40,141,000. Finally, Zimmer Partners LP bought a new position in shares of Exelon during the 4th quarter worth approximately $36,454,000. Institutional investors own 78.67% of the company’s stock.
Several equities analysts recently commented on EXC shares. Royal Bank of Canada restated an “outperform” rating and set a $43.00 target price on shares of Exelon in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, January 24th. Credit Suisse Group upgraded Exelon to a “buy” rating and set a $42.00 target price for the company in a research report on Saturday, April 14th. JPMorgan Chase cut their target price on Exelon from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Finally, Morgan Stanley cut their target price on Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.43.
EXC stock opened at $39.79 on Thursday. Exelon has a fifty-two week low of $39.62 and a fifty-two week high of $40.27. The firm has a market cap of $38.94 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.60 and a beta of 0.14. The company has a quick ratio of 0.99, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.
Exelon (NYSE:EXC) last released its quarterly earnings results on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. Exelon had a return on equity of 9.17% and a net margin of 10.06%. The firm had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was up 10.8% on a year-over-year basis. equities research analysts expect that Exelon will post 3.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Tuesday, May 15th will be paid a $0.345 dividend. The ex-dividend date is Monday, May 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.47%. Exelon’s dividend payout ratio (DPR) is currently 53.08%.
Exelon Company Profile
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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