Central Pacific Bank Trust Division Raises Position in Exelon Co. (NASDAQ:EXC)

Central Pacific Bank Trust Division lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 150.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,474 shares of the company’s stock after buying an additional 2,085 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Exelon were worth $141,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. increased its holdings in Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after purchasing an additional 3,115,763 shares in the last quarter. Swedbank AB purchased a new position in shares of Exelon during the 1st quarter valued at approximately $96,859,000. Finally, Wellington Management Group LLP boosted its stake in shares of Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after buying an additional 2,352,547 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.08.

Exelon Trading Down 1.4 %

Shares of EXC opened at $40.21 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48. The stock has a market capitalization of $40.23 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.92 and a beta of 0.53. The business’s 50-day moving average price is $38.61 and its 200 day moving average price is $37.28.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.78%. Exelon’s dividend payout ratio is currently 65.52%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.