Investors sold shares of Exelon Co. (NYSE:EXC) on strength during trading on Monday. $27.96 million flowed into the stock on the tick-up and $76.68 million flowed out of the stock on the tick-down, for a money net flow of $48.72 million out of the stock. Of all stocks tracked, Exelon had the 17th highest net out-flow for the day. Exelon traded up $0.10 for the day and closed at $50.38
A number of equities analysts recently weighed in on EXC shares. Goldman Sachs Group lowered shares of Exelon from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a research note on Friday, January 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $49.00 target price on shares of Exelon in a research note on Tuesday, February 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 target price on shares of Exelon in a research note on Wednesday, January 23rd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Finally, Morgan Stanley upped their target price on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.94.
The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $48.77 billion, a P/E ratio of 16.15, a PEG ratio of 3.80 and a beta of 0.37.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Exelon Co. will post 3.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 20th were given a dividend of $0.3625 per share. The ex-dividend date was Tuesday, February 19th. This is a boost from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 annualized dividend and a yield of 2.88%. Exelon’s payout ratio is 46.47%.
In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $47.88, for a total transaction of $837,900.00. Following the sale, the executive vice president now directly owns 67,548 shares of the company’s stock, valued at approximately $3,234,198.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the sale, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Insiders have sold a total of 88,800 shares of company stock worth $4,352,142 over the last three months. Insiders own 0.46% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc raised its holdings in shares of Exelon by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after purchasing an additional 1,309,965 shares during the period. BlackRock Inc. raised its holdings in shares of Exelon by 4.6% in the 4th quarter. BlackRock Inc. now owns 75,231,069 shares of the energy giant’s stock valued at $3,392,922,000 after purchasing an additional 3,305,035 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Exelon by 4,439.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,185,910 shares of the energy giant’s stock valued at $514,000 after purchasing an additional 22,675,097 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Exelon by 4.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,107,490 shares of the energy giant’s stock valued at $906,848,000 after purchasing an additional 868,290 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Exelon by 0.3% in the 4th quarter. LSV Asset Management now owns 13,204,962 shares of the energy giant’s stock valued at $595,543,000 after purchasing an additional 38,380 shares during the period. 80.14% of the stock is currently owned by institutional investors.
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Exelon Company Profile (NYSE:EXC)
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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