TIAA CREF Trust Co. FSB MO decreased its stake in shares of Exelon Corp. (NYSE:EXC) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,402 shares of the energy giant’s stock after selling 1,827 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Exelon Corp. were worth $945,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Exelon Corp. by 6.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,222,321 shares of the energy giant’s stock valued at $626,203,000 after buying an additional 1,070,084 shares during the last quarter. BlackRock Fund Advisors raised its stake in Exelon Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 15,611,169 shares of the energy giant’s stock valued at $567,622,000 after buying an additional 777,966 shares during the last quarter. BlackRock Advisors LLC raised its stake in Exelon Corp. by 9.7% in the second quarter. BlackRock Advisors LLC now owns 10,455,121 shares of the energy giant’s stock valued at $380,148,000 after buying an additional 924,568 shares during the last quarter. BlackRock Group LTD raised its stake in Exelon Corp. by 2.6% in the second quarter. BlackRock Group LTD now owns 8,845,979 shares of the energy giant’s stock valued at $321,639,000 after buying an additional 223,970 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Exelon Corp. by 0.5% in the second quarter. Prudential Financial Inc. now owns 5,502,304 shares of the energy giant’s stock valued at $200,063,000 after buying an additional 25,451 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
Shares of Exelon Corp. (NYSE:EXC) traded up 0.84% during midday trading on Friday, hitting $32.58. 1,772,159 shares of the company traded hands. Exelon Corp. has a 52 week low of $25.09 and a 52 week high of $37.70. The company has a 50-day moving average price of $32.45 and a 200-day moving average price of $34.31. The stock has a market capitalization of $30.08 billion, a P/E ratio of 24.42 and a beta of 0.21.
Exelon Corp. (NYSE:EXC) last released its quarterly earnings results on Wednesday, October 26th. The energy giant reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The firm earned $8.84 billion during the quarter, compared to analysts’ expectations of $7.97 billion. During the same period in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts anticipate that Exelon Corp. will post $2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.318 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.94%. Exelon Corp.’s dividend payout ratio is presently 94.78%.
A number of analysts have recently weighed in on EXC shares. Deutsche Bank AG increased their target price on shares of Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Bank of America Corp. reiterated a “hold” rating and set a $37.00 target price on shares of Exelon Corp. in a report on Thursday, August 11th. Jefferies Group reiterated a “buy” rating and set a $40.00 target price on shares of Exelon Corp. in a report on Friday, August 12th. Barclays PLC dropped their target price on shares of Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, August 31st. Finally, Morgan Stanley upgraded shares of Exelon Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $37.00 in a report on Friday, November 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.92.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the transaction, the chief executive officer now directly owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).