Carroll Financial Associates Inc. lifted its stake in shares of Exelon Co. (NYSE:EXC) by 190.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,829 shares of the energy giant’s stock after acquiring an additional 3,166 shares during the period. Carroll Financial Associates Inc.’s holdings in Exelon were worth $210,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in Exelon by 0.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 510,813 shares of the energy giant’s stock worth $22,302,000 after purchasing an additional 4,450 shares during the last quarter. Burt Wealth Advisors boosted its holdings in Exelon by 81.6% during the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock worth $126,000 after purchasing an additional 1,296 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Exelon by 2.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 124,125 shares of the energy giant’s stock worth $5,419,000 after purchasing an additional 3,401 shares during the last quarter. TCW Group Inc. acquired a new position in Exelon during the third quarter worth $585,000. Finally, Arizona State Retirement System boosted its holdings in Exelon by 0.9% during the third quarter. Arizona State Retirement System now owns 485,295 shares of the energy giant’s stock worth $21,188,000 after purchasing an additional 4,518 shares during the last quarter. 78.91% of the stock is owned by institutional investors.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday. JPMorgan Chase & Co. cut shares of Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Tuesday, October 9th. Scotiabank restated a “sector outperform” rating on shares of Exelon in a report on Wednesday, July 25th. Macquarie increased their target price on shares of Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Finally, KeyCorp increased their target price on shares of Exelon from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, August 17th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Exelon currently has a consensus rating of “Buy” and a consensus target price of $45.61.
Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. As a group, equities research analysts predict that Exelon Co. will post 3.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio is currently 53.08%.
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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