Gofen & Glossberg LLC IL boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 13,058 shares of the company’s stock after acquiring an additional 532 shares during the period. Gofen & Glossberg LLC IL’s holdings in Exelon were worth $631,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of EXC. Tudor Investment Corp Et Al acquired a new position in Exelon during the first quarter worth $1,362,000. Eaton Vance Management raised its position in shares of Exelon by 3.9% in the first quarter. Eaton Vance Management now owns 72,557 shares of the company’s stock valued at $3,174,000 after buying an additional 2,733 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Exelon in the first quarter valued at about $2,894,000. Baker Tilly Wealth Management LLC acquired a new stake in shares of Exelon in the first quarter valued at about $202,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Exelon in the first quarter valued at about $974,000. Institutional investors own 79.94% of the company’s stock.
EXC has been the subject of a number of recent research reports. TheStreet upgraded shares of Exelon from a “c+” rating to a “b” rating in a research report on Monday, August 30th. Wells Fargo & Company upped their price objective on shares of Exelon from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, October 12th. Mizuho upped their price objective on shares of Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 15th. Zacks Investment Research lowered shares of Exelon from a “strong-buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, October 21st. Finally, BMO Capital Markets upped their price objective on shares of Exelon from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, September 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Buy” and an average price target of $54.13.
Shares of EXC stock opened at $54.51 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.94 and a quick ratio of 0.83. The firm has a market cap of $53.30 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 5.02 and a beta of 0.48. The company has a 50-day moving average of $51.30 and a two-hundred day moving average of $48.29. Exelon Co. has a 1-year low of $38.35 and a 1-year high of $54.86.
Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, November 3rd. The company reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.01). The company had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.49 billion. Exelon had a return on equity of 7.61% and a net margin of 4.81%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Monday, November 15th will be paid a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 12th. Exelon’s dividend payout ratio (DPR) is presently 89.47%.
Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.
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