Stratos Wealth Partners LTD. cut its stake in Exelon Co. (NYSE:EXC) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,422 shares of the energy giant’s stock after selling 206 shares during the period. Stratos Wealth Partners LTD.’s holdings in Exelon were worth $723,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. USS Investment Management Ltd raised its position in Exelon by 247.6% during the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after purchasing an additional 625,681 shares in the last quarter. Occidental Asset Management LLC raised its position in Exelon by 6.6% during the fourth quarter. Occidental Asset Management LLC now owns 12,381 shares of the energy giant’s stock valued at $558,000 after purchasing an additional 766 shares in the last quarter. Bank of Edwardsville purchased a new stake in Exelon during the first quarter valued at about $1,166,000. MUFG Securities EMEA plc increased its holdings in shares of Exelon by 68.4% in the fourth quarter. MUFG Securities EMEA plc now owns 281,302 shares of the energy giant’s stock worth $12,687,000 after buying an additional 114,217 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in shares of Exelon in the first quarter worth about $208,000. 80.23% of the stock is owned by hedge funds and other institutional investors.
Exelon stock traded up $0.30 during trading hours on Tuesday, hitting $49.23. 64,157 shares of the stock traded hands, compared to its average volume of 5,328,037. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.89 and a current ratio of 1.02. The stock has a market cap of $47.56 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 4.14 and a beta of 0.37. Exelon Co. has a one year low of $39.11 and a one year high of $51.03.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $9.48 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. On average, analysts predict that Exelon Co. will post 3.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.3625 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.45 annualized dividend and a yield of 2.95%. Exelon’s payout ratio is 46.47%.
Several analysts recently issued reports on the company. Scotiabank reissued a “buy” rating and issued a $50.00 target price on shares of Exelon in a research note on Wednesday, February 13th. Morgan Stanley raised their target price on Exelon from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $47.00 in a research note on Tuesday, April 9th. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 target price on shares of Exelon in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co raised Exelon from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.97.
In other Exelon news, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the sale, the executive vice president now directly owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $48.36, for a total value of $846,300.00. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.
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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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