State of Alaska Department of Revenue boosted its holdings in Exelon Co. (NYSE:EXC) by 218.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,484 shares of the energy giant’s stock after acquiring an additional 87,389 shares during the quarter. State of Alaska Department of Revenue’s holdings in Exelon were worth $5,023,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in EXC. Thrivent Financial For Lutherans increased its stake in Exelon by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 37,947 shares of the energy giant’s stock worth $1,367,000 after acquiring an additional 860 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Exelon by 2.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 112,913 shares of the energy giant’s stock worth $4,073,000 after acquiring an additional 3,231 shares during the last quarter. Menta Capital LLC bought a new position in Exelon in the 2nd quarter worth about $693,000. Pinebridge Investments L.P. increased its stake in Exelon by 77.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 17,795 shares of the energy giant’s stock worth $642,000 after acquiring an additional 7,754 shares during the last quarter. Finally, TIAA FSB bought a new position in Exelon in the 2nd quarter worth about $1,166,000. Institutional investors and hedge funds own 77.51% of the company’s stock.
A number of brokerages have weighed in on EXC. Mizuho began coverage on Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Morgan Stanley upped their target price on 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 target price on shares of Exelon in a research note on Tuesday, November 7th. Bank of America began coverage on Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. Finally, Zacks Investment Research upgraded 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 issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.53.
In related news, EVP Paymon Aliabadi sold 13,334 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares in the company, valued at approximately $1,073,789.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mayo A. Shattuck III sold 379,337 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total value of $15,192,446.85. Following the sale, the chairman now owns 746,986 shares of the company’s stock, valued at $29,916,789.30. The disclosure for this sale can be found here. Insiders sold a total of 1,287,788 shares of company stock valued at $51,778,749 over the last quarter. Company insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE:EXC) opened at $37.97 on Monday. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $36,454.54, a PE ratio of 17.03, a PEG ratio of 3.02 and a beta of 0.30.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Exelon had a return on equity of 8.19% and a net margin of 6.59%. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Exelon’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts anticipate that Exelon Co. will post 2.66 earnings per share for the current fiscal year.
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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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