Exelon Co. (EXC) Holdings Raised by Greenleaf Trust

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Greenleaf Trust raised its holdings in shares of Exelon Co. (NYSE:EXC) by 102.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,871 shares of the energy giant’s stock after purchasing an additional 13,105 shares during the quarter. Greenleaf Trust’s holdings in Exelon were worth $1,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. State Treasurer State of Michigan grew its stake in Exelon by 71.6% during the 2nd quarter. State Treasurer State of Michigan now owns 4,185,797 shares of the energy giant’s stock valued at $178,315,000 after purchasing an additional 1,746,700 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Exelon by 1,187.3% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,187,053 shares of the energy giant’s stock valued at $50,568,000 after purchasing an additional 1,094,843 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Exelon by 31.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,733,728 shares of the energy giant’s stock valued at $161,330,000 after purchasing an additional 902,458 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Exelon by 18.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,166,583 shares of the energy giant’s stock valued at $220,097,000 after purchasing an additional 816,893 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Exelon by 1.0% during the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Several brokerages have recently commented on EXC. Mizuho reiterated a “hold” rating and issued a $40.00 target price on shares of Exelon in a research report on Monday, August 6th. Morgan Stanley lifted their target price on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Macquarie lifted their target price on Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, Barclays began coverage on Exelon in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 target price for the company. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.61.

Shares of NYSE EXC opened at $44.38 on Wednesday. The company has a market capitalization of $42.13 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.50 and a beta of 0.24. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.19.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts forecast that Exelon Co. will post 3.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio (DPR) is 53.08%.

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.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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