Robeco Institutional Asset Management B.V. raised its stake in shares of Exelon Co. (NYSE:EXC) by 28.0% in the 2nd quarter, Holdings Channel reports. The firm owned 733,620 shares of the energy giant’s stock after purchasing an additional 160,537 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Exelon were worth $31,252,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Exelon by 269.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock worth $485,304,000 after acquiring an additional 9,072,773 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Exelon by 766.8% in the 1st quarter. State Treasurer State of Michigan now owns 2,439,097 shares of the energy giant’s stock worth $95,149,000 after acquiring an additional 2,157,700 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Exelon by 40.6% in the 1st quarter. Prudential Financial Inc. now owns 5,733,452 shares of the energy giant’s stock worth $223,662,000 after acquiring an additional 1,654,254 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Exelon by 175.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,779,900 shares of the energy giant’s stock worth $69,434,000 after acquiring an additional 1,134,800 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Exelon by 7.2% in the 1st quarter. LSV Asset Management now owns 12,055,862 shares of the energy giant’s stock worth $470,299,000 after acquiring an additional 813,800 shares in the last quarter. 77.78% of the stock is owned by institutional investors and hedge funds.
Shares of EXC opened at $43.13 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03. The stock has a market capitalization of $41.89 billion, a PE ratio of 14.13, a PEG ratio of 2.48 and a beta of 0.20. Exelon Co. has a one year low of $35.57 and a one year high of $43.74.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion during 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 firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. sell-side analysts forecast that Exelon Co. will post 3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be paid a $0.345 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.20%. Exelon’s dividend payout ratio is presently 53.08%.
Several research analysts have recently weighed in on the company. Scotiabank reissued a “sector outperform” rating on shares of Exelon in a research report on Wednesday, July 25th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Mizuho reissued a “hold” rating and issued a $40.00 price objective on shares of Exelon in a research report on Monday, August 6th. Finally, Morgan Stanley lifted their price objective on Exelon from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.50.
Exelon Co is an utilities company in the Electric Utilities industry.
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