GSA Capital Partners LLP purchased a new stake in shares of Exelon Co. (NYSE:EXC) during the first quarter, HoldingsChannel reports. The institutional investor purchased 13,702 shares of the energy giant’s stock, valued at approximately $535,000.
Several other hedge funds have also made changes to their positions in EXC. Delpha Capital Management LLC purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $108,000. We Are One Seven LLC purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $117,000. Pier 88 Investment Partners LLC lifted its stake in shares of Exelon by 401.6% during the 1st quarter. Pier 88 Investment Partners LLC now owns 3,160 shares of the energy giant’s stock valued at $123,000 after buying an additional 2,530 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $169,000. Finally, Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $201,000. Institutional investors own 78.09% of the company’s stock.
A number of brokerages recently commented on EXC. ValuEngine upgraded shares of Exelon from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Credit Suisse Group upped their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Morgan Stanley dropped their price target on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. KeyCorp upped their price target on shares of Exelon from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, May 30th. Finally, Zacks Investment Research cut shares of Exelon from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $42.86.
Exelon (NYSE:EXC) last posted its earnings results on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. Exelon had a net margin of 10.06% and a return on equity of 9.17%. The business had revenue of $9.69 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts forecast that Exelon Co. will post 3.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Tuesday, May 15th were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Monday, May 14th. Exelon’s payout ratio is 53.08%.
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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