AMP Capital Investors Ltd Has $26.77 Million Position in Exelon Co. (EXC)

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AMP Capital Investors Ltd lowered its stake in Exelon Co. (NYSE:EXC) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,318 shares of the energy giant’s stock after selling 75,249 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.07% of Exelon worth $26,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Landaas & Co. WI ADV purchased a new position in Exelon in the 2nd quarter worth about $116,000. Pier 88 Investment Partners LLC increased its stake in Exelon by 401.6% in the 1st quarter. Pier 88 Investment Partners LLC now owns 3,160 shares of the energy giant’s stock worth $123,000 after purchasing an additional 2,530 shares in the last quarter. Private Capital Group LLC increased its stake in Exelon by 836.4% in the 1st quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after purchasing an additional 3,011 shares in the last quarter. Cobblestone Capital Advisors LLC NY purchased a new position in Exelon in the 2nd quarter worth about $200,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Exelon in the 2nd quarter worth about $200,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Scotiabank reaffirmed a “sector outperform” rating on shares of Exelon in a research note on Wednesday, July 25th. Zacks Investment Research cut Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Howard Weil assumed coverage on Exelon in a research note on Tuesday, July 24th. They set a “sector outperform” rating and a $47.00 target price on the stock. Barclays assumed coverage on Exelon in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $46.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $51.00 target price on shares of Exelon in a research note on Monday, July 23rd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Exelon has an average rating of “Buy” and an average target price of $44.69.

NYSE:EXC opened at $44.07 on Friday. 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 Co. has a fifty-two week low of $35.57 and a fifty-two week high of $45.05. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.52 and a beta of 0.21.

Exelon (NYSE:EXC) last released its earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. equities analysts forecast that Exelon Co. will post 3.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.345 per share. The ex-dividend date is Tuesday, August 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.13%. Exelon’s dividend payout ratio is 53.08%.

Exelon Company Profile

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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