Exelon Co. (EXC) Shares Bought by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd lifted its position in shares of Exelon Co. (NYSE:EXC) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 305,655 shares of the energy giant’s stock after buying an additional 10,100 shares during the period. Gulf International Bank UK Ltd’s holdings in Exelon were worth $12,045,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. purchased a new stake in Exelon in the 3rd quarter valued at approximately $102,000. Sandy Spring Bank lifted its stake in Exelon by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in Exelon in the 2nd quarter valued at approximately $162,000. Clear Perspective Advisors LLC lifted its stake in Exelon by 19.7% in the 2nd quarter. Clear Perspective Advisors LLC now owns 4,558 shares of the energy giant’s stock valued at $164,000 after buying an additional 749 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in Exelon in the 2nd quarter valued at approximately $167,000. 77.27% of the stock is currently owned by hedge funds and other institutional investors.
EXC has been the topic of a number of recent research reports. Bank of America initiated coverage on Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Exelon in a research note on Tuesday, November 7th. Mizuho initiated coverage on Exelon in a research note on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Finally, Morgan Stanley upped their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Exelon presently has a consensus rating of “Buy” and an average price target of $40.53.
Shares of Exelon Co. (NYSE:EXC) traded up $0.63 on Wednesday, reaching $39.11. The company’s stock had a trading volume of 3,217,432 shares, compared to its average volume of 5,950,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.03 and a quick ratio of 0.89. The firm has a market cap of $37,580.00, a P/E ratio of 17.54, a PEG ratio of 3.09 and a beta of 0.30. Exelon Co. has a 52 week low of $33.30 and a 52 week high of $42.67.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon had a net margin of 6.59% and a return on equity of 8.19%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. research analysts anticipate that Exelon Co. will post 2.66 earnings per share for the current year.
In other news, Chairman Mayo A. Shattuck III sold 379,337 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the completion of the sale, the chairman now directly owns 746,986 shares in the company, valued at approximately $29,916,789.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mayo A. Shattuck III sold 193,462 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $40.26, for a total value of $7,788,780.12. Following the sale, the chairman now owns 402,234 shares of the company’s stock, valued at $16,193,940.84. The disclosure for this sale can be found here. Insiders sold a total of 1,287,788 shares of company stock valued at $51,778,749 over the last quarter. 0.70% of the stock is currently owned by insiders.
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Exelon Company Profile
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.
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