BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Exelon Co. (NYSE:EXC) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 560,557 shares of the energy giant’s stock after buying an additional 16,013 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Exelon worth $22,092,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC lifted its stake in shares of Exelon by 20.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock valued at $282,000 after buying an additional 1,273 shares in the last quarter. ARGI Investment Services LLC lifted its stake in shares of Exelon by 2.9% during the 3rd quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock valued at $1,788,000 after buying an additional 1,343 shares in the last quarter. BKD Wealth Advisors LLC lifted its stake in shares of Exelon by 13.1% during the 4th quarter. BKD Wealth Advisors LLC now owns 11,694 shares of the energy giant’s stock valued at $461,000 after buying an additional 1,354 shares in the last quarter. Fieldpoint Private Securities LLC lifted its stake in shares of Exelon by 15.0% during the 4th quarter. Fieldpoint Private Securities LLC now owns 10,425 shares of the energy giant’s stock valued at $411,000 after buying an additional 1,360 shares in the last quarter. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Exelon by 29.6% during the 4th quarter. OLD Second National Bank of Aurora now owns 6,125 shares of the energy giant’s stock valued at $241,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 78.09% of the company’s stock.
In other news, CEO Calvin Butler, Jr. sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $37.94, for a total value of $948,500.00. Following the sale, the chief executive officer now directly owns 19,429 shares in the company, valued at approximately $737,136.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Exelon (NYSE:EXC) last posted its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts anticipate that Exelon Co. will post 3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were issued a $0.345 dividend. The ex-dividend date was Wednesday, February 14th. This is an increase from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.66%. Exelon’s payout ratio is 34.94%.
A number of research analysts recently weighed in on EXC shares. JPMorgan Chase & Co. lowered their target price on shares of Exelon from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Mizuho started coverage on shares of Exelon in a research note on Friday, December 15th. They set an “underperform” rating and a $36.00 target price on the stock. Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, January 24th. Finally, KeyCorp decreased their price target on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.91.
WARNING: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $22.09 Million Position in Exelon Co. (EXC)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3295089/british-columbia-investment-management-corp-has-22-09-million-position-in-exelon-co-exc.html.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.