Prime Capital Investment Advisors LLC lifted its stake in shares of Exelon Co. (NYSE:EXC) by 21.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,890 shares of the energy giant’s stock after purchasing an additional 2,118 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Exelon were worth $570,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Exelon by 37.0% in the first quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock valued at $1,216,738,000 after acquiring an additional 6,567,683 shares during the last quarter. First Trust Advisors LP lifted its holdings in Exelon by 101.0% in the second quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after acquiring an additional 1,092,170 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Exelon by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 12,839,080 shares of the energy giant’s stock valued at $578,058,000 after acquiring an additional 994,381 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Exelon by 28.1% in the first quarter. Janus Henderson Group PLC now owns 4,273,204 shares of the energy giant’s stock valued at $214,213,000 after acquiring an additional 937,755 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Exelon by 7.3% in the first quarter. Northern Trust Corp now owns 12,984,265 shares of the energy giant’s stock valued at $650,901,000 after acquiring an additional 887,524 shares during the last quarter. Institutional investors and hedge funds own 79.38% of the company’s stock.
In other Exelon news, EVP Kenneth W. Cornew sold 54,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total value of $2,705,226.00. Following the sale, the executive vice president now owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Calvin Butler, Jr. sold 31,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the sale, the chief executive officer now directly owns 40,331 shares in the company, valued at approximately $1,919,352.29. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.
NYSE EXC traded down $0.64 on Friday, reaching $44.88. The stock had a trading volume of 4,519,251 shares, compared to its average volume of 6,238,988. The firm has a market capitalization of $44.15 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.80 and a beta of 0.31. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Exelon Co. has a 12-month low of $42.19 and a 12-month high of $51.18. The stock has a fifty day moving average price of $46.51 and a two-hundred day moving average price of $48.56.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Sell-side analysts forecast that Exelon Co. will post 3.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.363 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, August 14th. Exelon’s payout ratio is 46.47%.
EXC has been the topic of a number of recent analyst reports. Barclays upgraded Exelon from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $54.00 to $52.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. ValuEngine cut Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Mizuho upped their price objective on Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Finally, Morgan Stanley upped their price objective on Exelon from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.19.
Exelon Company Profile
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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