Pendal Group Ltd Has $8.29 Million Holdings in Exelon (EXC)

Pendal Group Ltd cut its holdings in shares of Exelon (NYSE:EXC) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,454 shares of the energy giant’s stock after selling 33,652 shares during the quarter. Pendal Group Ltd’s holdings in Exelon were worth $8,288,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. American International Group Inc. increased its holdings in Exelon by 0.8% during the 1st quarter. American International Group Inc. now owns 310,968 shares of the energy giant’s stock worth $12,131,000 after purchasing an additional 2,328 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in Exelon by 102.3% during the 1st quarter. ETRADE Capital Management LLC now owns 23,522 shares of the energy giant’s stock worth $918,000 after purchasing an additional 11,896 shares during the last quarter. Synovus Financial Corp increased its holdings in Exelon by 20.5% during the 1st quarter. Synovus Financial Corp now owns 20,090 shares of the energy giant’s stock worth $781,000 after purchasing an additional 3,416 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in Exelon during the 1st quarter worth approximately $2,893,000. Finally, Engineers Gate Manager LP purchased a new stake in Exelon during the 1st quarter worth approximately $4,974,000. Institutional investors own 78.67% of the company’s stock.

In related news, CEO Calvin Butler, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total transaction of $948,500.00. Following the completion of the transaction, the chief executive officer now owns 19,429 shares in the company, valued at approximately $737,136.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.



Several equities research analysts have issued reports on EXC shares. Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $36.00 to $40.00 in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, January 24th. UBS began coverage on Exelon in a report on Friday, February 2nd. They issued a “buy” rating and a $44.00 price target for the company. SunTrust Banks set a $42.00 price target on Exelon and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Morgan Stanley lowered their price target on Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.43.

Exelon opened at $40.64 on Monday, Marketbeat reports. Exelon has a 12-month low of $33.50 and a 12-month high of $42.67. The company has a market cap of $39.23 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.62 and a beta of 0.14. The company has a quick ratio of 0.99, a current ratio of 1.14 and a debt-to-equity ratio of 1.02.

Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. Exelon had a return on equity of 9.17% and a net margin of 10.06%. The business had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts expect that Exelon will post 3.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Tuesday, May 15th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.40%. Exelon’s dividend payout ratio is currently 53.08%.

About Exelon

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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