Lincoln National Corp boosted its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,982 shares of the company’s stock after buying an additional 3,332 shares during the quarter. Lincoln National Corp’s holdings in Exelon were worth $1,198,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Exelon by 4.2% during the second quarter. State Street Corp now owns 58,535,397 shares of the company’s stock valued at $2,652,824,000 after buying an additional 2,339,235 shares during the period. Allianz Asset Management GmbH boosted its stake in Exelon by 349.0% in the second quarter. Allianz Asset Management GmbH now owns 9,531,604 shares of the company’s stock valued at $431,972,000 after acquiring an additional 7,408,787 shares in the last quarter. Deutsche Bank AG boosted its stake in Exelon by 59.4% in the second quarter. Deutsche Bank AG now owns 5,938,938 shares of the company’s stock valued at $269,151,000 after acquiring an additional 2,212,924 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Exelon by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,368,637 shares of the company’s stock valued at $255,708,000 after acquiring an additional 144,759 shares in the last quarter. Finally, Pictet Asset Management SA boosted its stake in Exelon by 2.4% in the second quarter. Pictet Asset Management SA now owns 5,328,287 shares of the company’s stock valued at $241,478,000 after acquiring an additional 122,465 shares in the last quarter. 80.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on EXC. Mizuho lowered their price objective on shares of Exelon from $47.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Seaport Res Ptn reiterated a “buy” rating on shares of Exelon in a research note on Monday, October 24th. StockNews.com began coverage on shares of Exelon in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Wells Fargo & Company lifted their price objective on shares of Exelon to $47.00 in a research note on Wednesday, December 14th. Finally, Guggenheim reduced their target price on shares of Exelon from $49.00 to $40.00 in a report on Monday, October 24th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.
Exelon Stock Down 0.7 %
Exelon (NASDAQ:EXC – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Exelon had a net margin of 8.85% and a return on equity of 10.12%. The company’s quarterly revenue was down 45.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, analysts expect that Exelon Co. will post 2.27 earnings per share for the current year.
Exelon Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.3375 per share. The ex-dividend date was Monday, November 14th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.25%. Exelon’s dividend payout ratio is currently 62.50%.
Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.
- Get a free copy of the StockNews.com research report on Exelon (EXC)
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