Zeke Capital Advisors LLC increased its position in shares of Exelon Co. (NYSE:EXC) by 52.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,612 shares of the energy giant’s stock after purchasing an additional 11,849 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Exelon were worth $1,364,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Nationwide Fund Advisors increased its position in Exelon by 0.3% during the third quarter. Nationwide Fund Advisors now owns 857,371 shares of the energy giant’s stock worth $32,297,000 after buying an additional 2,969 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in Exelon by 14.4% during the third quarter. Global X MANAGEMENT CO LLC now owns 14,465 shares of the energy giant’s stock worth $545,000 after buying an additional 1,826 shares in the last quarter. TCW Group Inc. purchased a new position in Exelon during the third quarter worth $606,000. Comerica Bank increased its position in Exelon by 2.6% during the third quarter. Comerica Bank now owns 244,794 shares of the energy giant’s stock worth $9,850,000 after buying an additional 6,222 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Exelon by 17.4% during the third quarter. Russell Investments Group Ltd. now owns 1,796,030 shares of the energy giant’s stock worth $67,642,000 after buying an additional 266,223 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on EXC shares. Credit Suisse Group downgraded Exelon to a “hold” rating and set a $42.00 price target for the company. in a research report on Wednesday. JPMorgan Chase lowered their price objective on Exelon from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Mizuho began coverage on Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 price objective for the company. Morgan Stanley lifted their price objective on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.41.
In related news, CEO Calvin Butler, Jr. sold 25,000 shares of Exelon stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total value of $948,500.00. Following the transaction, the chief executive officer now owns 19,429 shares in the company, valued at $737,136.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Exelon stock traded down $0.37 during midday trading on Friday, reaching $38.63. The stock had a trading volume of 3,475,642 shares, compared to its average volume of 6,226,389. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The stock has a market capitalization of $37,279.07, a P/E ratio of 14.86, a PEG ratio of 2.52 and a beta of 0.16. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01.
Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter in the previous year, the business posted $0.44 EPS. Exelon’s revenue was up 6.4% compared to the same quarter last year. sell-side analysts predict that Exelon Co. will post 3.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were issued a $0.345 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a yield of 3.57%. This is a boost from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
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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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