Regal Investment Advisors LLC decreased its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,245 shares of the company’s stock after selling 351 shares during the quarter. Regal Investment Advisors LLC’s holdings in Exelon were worth $869,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Great Lakes Advisors LLC lifted its holdings in shares of Exelon by 16.0% during the first quarter. Great Lakes Advisors LLC now owns 141,599 shares of the company’s stock worth $6,744,000 after buying an additional 19,506 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Exelon by 5.8% during the first quarter. Los Angeles Capital Management LLC now owns 10,091 shares of the company’s stock worth $481,000 after buying an additional 552 shares in the last quarter. Camden Capital LLC lifted its holdings in shares of Exelon by 21.5% during the first quarter. Camden Capital LLC now owns 4,691 shares of the company’s stock worth $223,000 after buying an additional 830 shares in the last quarter. Balentine LLC lifted its holdings in shares of Exelon by 66.1% during the first quarter. Balentine LLC now owns 19,740 shares of the company’s stock worth $940,000 after buying an additional 7,855 shares in the last quarter. Finally, First Interstate Bank acquired a new position in Exelon in the first quarter valued at about $481,000. Institutional investors and hedge funds own 80.35% of the company’s stock.
Exelon Stock Performance
Shares of EXC stock opened at $44.77 on Friday. The business’s 50 day simple moving average is $44.83 and its 200 day simple moving average is $46.14. Exelon Co. has a one year low of $33.64 and a one year high of $50.71. The stock has a market capitalization of $43.88 billion, a PE ratio of 16.52, a PEG ratio of 2.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.91 and a quick ratio of 0.88.
Exelon Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be paid a $0.338 dividend. The ex-dividend date is Friday, August 12th. This is a positive change from Exelon’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a yield of 3.02%. Exelon’s payout ratio is 49.82%.
Insider Buying and Selling at Exelon
In other news, CEO John Tyler Anthony sold 4,451 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the transaction, the chief executive officer now directly owns 974 shares of the company’s stock, valued at $46,255.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Exelon from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley dropped their price target on Exelon from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. BMO Capital Markets boosted their price target on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays dropped their price target on Exelon from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, KeyCorp dropped their price target on Exelon from $53.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.15.
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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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