TD Asset Management Inc. boosted its position in shares of Exelon Corp. (NYSE:EXC) by 12.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,097,884 shares of the energy giant’s stock after buying an additional 123,747 shares during the period. TD Asset Management Inc.’s holdings in Exelon Corp. were worth $36,548,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in Exelon Corp. by 5.4% in the second quarter. First Manhattan Co. now owns 2,853 shares of the energy giant’s stock worth $103,000 after buying an additional 147 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Exelon Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock worth $106,000 after buying an additional 14 shares during the last quarter. Advisory Services Network LLC boosted its stake in Exelon Corp. by 289.7% in the third quarter. Advisory Services Network LLC now owns 3,351 shares of the energy giant’s stock worth $112,000 after buying an additional 2,491 shares during the last quarter. Cable Hill Partners LLC boosted its stake in Exelon Corp. by 3.7% in the second quarter. Cable Hill Partners LLC now owns 3,189 shares of the energy giant’s stock worth $117,000 after buying an additional 114 shares during the last quarter. Finally, MU Investments Co. Ltd. purchased a new stake in Exelon Corp. during the third quarter worth about $127,000. 73.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Corp. (NYSE:EXC) traded up 3.22% during midday trading on Monday, hitting $33.63. The stock had a trading volume of 3,452,167 shares. Exelon Corp. has a 1-year low of $25.09 and a 1-year high of $37.70. The company has a market cap of $31.05 billion, a price-to-earnings ratio of 25.21 and a beta of 0.21. The company’s 50 day moving average is $32.47 and its 200 day moving average is $34.29.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Wednesday, October 26th. The energy giant reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The company earned $8.84 billion during the quarter, compared to the consensus estimate of $7.97 billion. During the same period in the prior year, the business posted $0.83 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that Exelon Corp. will post $2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.318 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.90%. Exelon Corp.’s dividend payout ratio is 94.78%.
A number of analysts have weighed in on the company. Morgan Stanley set a $38.00 price target on Exelon Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Jefferies Group reaffirmed a “buy” rating and issued a $36.00 price target (down previously from $40.00) on shares of Exelon Corp. in a research report on Monday, October 10th. JPMorgan Chase & Co. reduced their price target on Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $38.00 price target on shares of Exelon Corp. in a research report on Friday, October 21st. Finally, Barclays PLC reduced their price target on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.92.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the completion of the sale, the chief executive officer now directly owns 18,109 shares in the company, valued at approximately $633,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.
Exelon Corp. Company Profile
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).