Man Group plc grew its holdings in shares of Exelon Co. (NYSE:EXC) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,372,649 shares of the energy giant’s stock after purchasing an additional 82,361 shares during the period. Exelon makes up about 0.9% of Man Group plc’s portfolio, making the stock its 6th biggest holding. Man Group plc owned about 0.55% of Exelon worth $257,566,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Coldstream Capital Management Inc. raised its stake in Exelon by 3.1% in the 1st quarter. Coldstream Capital Management Inc. now owns 7,030 shares of the energy giant’s stock worth $352,000 after acquiring an additional 212 shares during the last quarter. Trust Co. of Toledo NA OH raised its stake in Exelon by 0.7% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 33,723 shares of the energy giant’s stock worth $1,616,000 after acquiring an additional 218 shares during the last quarter. Bollard Group LLC raised its stake in Exelon by 0.7% in the 1st quarter. Bollard Group LLC now owns 33,094 shares of the energy giant’s stock worth $1,659,000 after acquiring an additional 237 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in Exelon by 7.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,660 shares of the energy giant’s stock worth $175,000 after acquiring an additional 243 shares during the last quarter. Finally, Hoover Financial Advisors Inc. raised its stake in shares of Exelon by 5.8% during the 2nd quarter. Hoover Financial Advisors Inc. now owns 4,463 shares of the energy giant’s stock valued at $214,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 79.00% of the company’s stock.
In other news, CEO Calvin Butler, Jr. sold 31,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at approximately $1,919,352.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the business earned $0.71 earnings per share. Exelon’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 3.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.363 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Wednesday, August 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.
A number of equities analysts have weighed in on EXC shares. SunTrust Banks set a $49.00 price objective on Exelon and gave the company a “hold” rating in a research note on Tuesday, September 3rd. UBS Group lifted their price objective on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 6th. KeyCorp started coverage on Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $48.00 to $52.00 in a research note on Thursday, June 6th. Finally, ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.97.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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