Rockefeller Capital Management L.P. Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Rockefeller Capital Management L.P. increased its position in shares of Exelon Co. (NASDAQ:EXC) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,885 shares of the company’s stock after purchasing an additional 22,612 shares during the period. Rockefeller Capital Management L.P.’s holdings in Exelon were worth $5,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rafferty Asset Management LLC raised its holdings in Exelon by 2.1% during the second quarter. Rafferty Asset Management LLC now owns 104,117 shares of the company’s stock worth $4,613,000 after purchasing an additional 2,145 shares in the last quarter. Credit Agricole S A raised its holdings in Exelon by 149.9% during the second quarter. Credit Agricole S A now owns 2,584 shares of the company’s stock worth $114,000 after purchasing an additional 1,550 shares in the last quarter. Souders Financial Advisors raised its holdings in Exelon by 1.2% during the second quarter. Souders Financial Advisors now owns 54,734 shares of the company’s stock worth $2,425,000 after purchasing an additional 666 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Exelon by 23.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 10,264 shares of the company’s stock valued at $455,000 after buying an additional 1,974 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Exelon by 12.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 180,496 shares of the company’s stock valued at $8,000,000 after buying an additional 20,647 shares in the last quarter. 80.06% of the stock is owned by hedge funds and other institutional investors.

EXC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a report on Monday, September 6th. BMO Capital Markets increased their target price on shares of Exelon from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and increased their target price for the company from $47.50 to $53.00 in a report on Tuesday. Morgan Stanley increased their target price on shares of Exelon from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, August 19th. Finally, TheStreet upgraded shares of Exelon from a “c+” rating to a “b” rating in a research report on Monday, August 30th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Buy” and a consensus target price of $51.44.

EXC stock opened at $50.38 on Wednesday. The company’s 50 day simple moving average is $47.78 and its 200-day simple moving average is $45.56. The firm has a market capitalization of $49.26 billion, a PE ratio of 50.89, a P/E/G ratio of 5.93 and a beta of 0.44. Exelon Co. has a 12 month low of $33.97 and a 12 month high of $50.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.89 and a quick ratio of 0.76.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, August 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.19. Exelon had a net margin of 2.80% and a return on equity of 7.42%. The firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business earned $0.55 earnings per share. Exelon’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exelon Co. will post 2.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were given a dividend of $0.3825 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.53 dividend on an annualized basis and a yield of 3.04%. Exelon’s dividend payout ratio (DPR) is currently 47.52%.

About Exelon

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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