DekaBank Deutsche Girozentrale Reduces Holdings in Exelon Corporation (EXC)
DekaBank Deutsche Girozentrale lowered its position in shares of Exelon Corporation (NYSE:EXC) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,810 shares of the energy giant’s stock after selling 2,022 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Exelon Corporation were worth $3,024,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CI Global Investments Inc. raised its holdings in shares of Exelon Corporation by 27.3% in the third quarter. CI Global Investments Inc. now owns 4,826,971 shares of the energy giant’s stock valued at $181,832,000 after buying an additional 1,036,477 shares during the last quarter. TCW Group Inc. purchased a new position in Exelon Corporation during the third quarter worth about $606,000. Massey Quick Simon & CO. LLC purchased a new position in Exelon Corporation during the third quarter worth about $237,000. Teacher Retirement System of Texas raised its holdings in Exelon Corporation by 1.9% during the third quarter. Teacher Retirement System of Texas now owns 817,005 shares of the energy giant’s stock worth $30,777,000 after purchasing an additional 15,579 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Exelon Corporation by 4.0% during the third quarter. Rhumbline Advisers now owns 1,650,823 shares of the energy giant’s stock worth $62,187,000 after buying an additional 62,904 shares during the period. 78.04% of the stock is owned by hedge funds and other institutional investors.
EXC has been the topic of several recent analyst reports. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC restated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research report on Thursday, August 3rd. KeyCorp restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research report on Friday, September 1st. Finally, Morgan Stanley upped their target price on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.64.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at approximately $1,523,550.39. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.13, for a total value of $4,113,000.00. Following the sale, the chairman now directly owns 267,649 shares of the company’s stock, valued at $11,008,403.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,312,787 shares of company stock worth $52,683,909. 0.70% of the stock is owned by insiders.
Exelon Corporation (NYSE:EXC) opened at $41.39 on Wednesday. Exelon Corporation has a 1 year low of $31.77 and a 1 year high of $42.67. The company has a market cap of $39,699.63, a P/E ratio of 16.67, a P/E/G ratio of 3.60 and a beta of 0.31. 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 Corporation (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Exelon Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities analysts anticipate that Exelon Corporation will post 2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s payout ratio is 58.74%.
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Exelon Corporation Company Profile
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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