Barrow Hanley Mewhinney & Strauss LLC Invests $244,000 in Exelon Co. (EXC) Stock
Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Exelon Co. (NYSE:EXC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,477 shares of the energy giant’s stock, valued at approximately $244,000.
A number of other hedge funds have also made changes to their positions in EXC. FMR LLC raised its stake in shares of Exelon by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares during the period. Vanguard Group Inc. raised its stake in shares of Exelon by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after purchasing an additional 4,453,759 shares during the period. Franklin Resources Inc. increased its stake in shares of Exelon by 60.2% in the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock worth $393,894,000 after buying an additional 4,102,441 shares during the last quarter. CI Global Investments Inc. bought a new stake in shares of Exelon in the second quarter worth $136,723,000. Finally, Teachers Advisors LLC increased its stake in shares of Exelon by 118.7% in the second quarter. Teachers Advisors LLC now owns 3,921,206 shares of the energy giant’s stock worth $141,438,000 after buying an additional 2,127,988 shares during the last quarter. 77.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on EXC. Mizuho began coverage on shares of Exelon in a research note on Friday. They issued an “underperform” rating and a $36.00 price target for the company. Morgan Stanley lifted their price target on shares of Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and issued a $43.00 price target on shares of Exelon in a research note on Tuesday, November 7th. Bank of America began coverage on shares of Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Exelon presently has a consensus rating of “Buy” and an average price target of $40.53.
In related news, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the sale, the executive vice president now owns 28,363 shares of the company’s stock, valued at $1,061,910.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the completion of the sale, the chairman now directly owns 746,986 shares of the company’s stock, valued at approximately $29,916,789.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,312,788 shares of company stock valued at $52,714,749. Corporate insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE:EXC) opened at $40.74 on Monday. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The stock has a market cap of $39,104.38, a price-to-earnings ratio of 16.42, a PEG ratio of 3.55 and a beta of 0.30. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Exelon had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. sell-side analysts expect that Exelon Co. will post 2.65 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, November 14th. Exelon’s dividend payout ratio (DPR) is 58.74%.
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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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