Exelon Co. (EXC) Stake Decreased by Northern Trust Corp

Share on StockTwits

Northern Trust Corp decreased its position in shares of Exelon Co. (NYSE:EXC) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,184,819 shares of the energy giant’s stock after selling 67,048 shares during the period. Northern Trust Corp owned 1.16% of Exelon worth $436,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Harrington Investments INC acquired a new stake in shares of Exelon in the fourth quarter worth $334,000. Luminus Management LLC grew its position in Exelon by 36.3% during the fourth quarter. Luminus Management LLC now owns 874,855 shares of the energy giant’s stock valued at $34,478,000 after buying an additional 233,208 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in Exelon during the first quarter valued at $610,000. Parametrica Management Ltd acquired a new stake in Exelon during the fourth quarter valued at $268,000. Finally, Stonebridge Capital Advisors LLC grew its position in Exelon by 4.3% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 76,902 shares of the energy giant’s stock valued at $3,031,000 after buying an additional 3,173 shares during the period. 78.14% of the stock is owned by institutional investors.

Shares of NYSE:EXC traded up $0.55 during trading on Thursday, hitting $41.07. 5,063,571 shares of the company were exchanged, compared to its average volume of 6,466,504. The company has a market capitalization of $38.55 billion, a PE ratio of 15.80, a P/E/G ratio of 2.29 and a beta of 0.20. The company has a current ratio of 1.14, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. Exelon Co. has a 12-month low of $35.37 and a 12-month high of $42.67.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Exelon had a net margin of 10.06% and a return on equity of 9.17%. The business had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. equities research analysts predict that Exelon Co. will post 3.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Tuesday, May 15th were given a $0.345 dividend. The ex-dividend date was Monday, May 14th. This represents a $1.38 annualized dividend and a yield of 3.36%. Exelon’s dividend payout ratio (DPR) is 53.08%.

EXC has been the topic of several analyst reports. Goldman Sachs Group upgraded shares of Exelon from a “sell” rating to a “neutral” rating and raised their price target for the company from $33.30 to $43.00 in a research report on Wednesday, March 28th. Morgan Stanley increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, April 16th. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Credit Suisse Group raised shares of Exelon to a “buy” rating and set a $42.00 price objective on the stock in a report on Saturday, April 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Exelon from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.86.

About Exelon

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.

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply