USS Investment Management Ltd decreased its holdings in shares of Exelon Co. (NYSE:EXC) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,700 shares of the energy giant’s stock after selling 4,100 shares during the quarter. USS Investment Management Ltd’s holdings in Exelon were worth $11,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in EXC. GSA Capital Partners LLP increased its holdings in shares of Exelon by 37.0% in the second quarter. GSA Capital Partners LLP now owns 18,766 shares of the energy giant’s stock worth $799,000 after purchasing an additional 5,064 shares during the period. Dimensional Fund Advisors LP grew its position in Exelon by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,370 shares of the energy giant’s stock worth $74,816,000 after acquiring an additional 27,965 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Exelon in the second quarter worth $1,223,000. Natixis purchased a new position in Exelon in the second quarter worth $6,346,000. Finally, Cubist Systematic Strategies LLC grew its position in Exelon by 64.1% in the second quarter. Cubist Systematic Strategies LLC now owns 30,071 shares of the energy giant’s stock worth $1,281,000 after acquiring an additional 11,749 shares in the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on EXC shares. Wells Fargo & Co upped their target price on shares of Exelon from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Macquarie upped their price target on shares of Exelon from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, September 24th. Morgan Stanley upped their price target on shares of Exelon from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 21st. Finally, JPMorgan Chase & Co. lowered shares of Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.11.
NYSE EXC opened at $45.02 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $47.40. The stock has a market cap of $43.15 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 3.09 and a beta of 0.32.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. Exelon’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts predict that Exelon Co. will post 3.12 earnings per share for the current fiscal year.
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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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