BB&T Securities LLC cut its stake in shares of Exelon Co. (NYSE:EXC) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,734 shares of the energy giant’s stock after selling 4,416 shares during the period. BB&T Securities LLC’s holdings in Exelon were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Landaas & Co. WI ADV purchased a new stake in shares of Exelon in the second quarter worth approximately $116,000. Private Capital Group LLC raised its holdings in shares of Exelon by 836.4% in the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock worth $132,000 after buying an additional 3,011 shares during the period. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Exelon in the second quarter worth approximately $200,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Exelon in the second quarter worth approximately $200,000. Finally, Nexus Investment Management Inc. purchased a new stake in shares of Exelon in the second quarter worth approximately $204,000. Institutional investors and hedge funds own 78.64% of the company’s stock.
EXC has been the topic of several recent analyst reports. KeyCorp increased their price target on Exelon from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, May 30th. ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, June 12th. Morgan Stanley reduced their price target on Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Finally, Citigroup increased their price target on Exelon from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Exelon presently has an average rating of “Buy” and an average price target of $44.19.
EXC opened at $44.47 on Tuesday. The firm has a market cap of $42.62 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.51 and a beta of 0.21. Exelon Co. has a 52 week low of $35.57 and a 52 week high of $45.05. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. Exelon had a return on equity of 9.48% and a net margin of 11.25%. Exelon’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. equities research analysts forecast that Exelon Co. will post 3.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th were issued a dividend of $0.345 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.38 annualized dividend and a yield of 3.10%. Exelon’s payout ratio is currently 53.08%.
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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