Exelon Co. (EXC) Position Lessened by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC reduced its position in shares of Exelon Co. (NYSE:EXC) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 284,186 shares of the energy giant’s stock after selling 6,229 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Exelon were worth $12,106,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Landaas & Co. WI ADV bought a new stake in Exelon in the 2nd quarter valued at $116,000. Private Capital Group LLC boosted its holdings in Exelon by 836.4% in the 1st quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock valued at $132,000 after purchasing an additional 3,011 shares during the period. Tower Research Capital LLC TRC bought a new stake in Exelon in the 2nd quarter valued at $160,000. Cobblestone Capital Advisors LLC NY bought a new stake in Exelon in the 2nd quarter valued at $200,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Exelon in the 2nd quarter valued at $200,000. 78.64% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Mizuho reissued a “hold” rating and issued a $40.00 price target on shares of Exelon in a report on Monday, August 6th. Morgan Stanley increased their price target on shares of Exelon from $43.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Barclays assumed coverage on shares of Exelon in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price target for the company. Finally, KeyCorp increased their price target on shares of Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, August 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.19.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. equities research analysts expect that Exelon Co. will post 3.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Tuesday, August 14th. Exelon’s payout ratio is 53.08%.
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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