Quadrant Capital Group LLC raised its position in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 11.3% in the 1st quarter, Holdings Channel reports. The firm owned 3,948 shares of the company’s stock after acquiring an additional 401 shares during the period. Quadrant Capital Group LLC’s holdings in Exelon were worth $188,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EXC. CWM LLC acquired a new position in Exelon during the fourth quarter valued at approximately $863,000. Centaurus Financial Inc. increased its holdings in shares of Exelon by 38.1% during the fourth quarter. Centaurus Financial Inc. now owns 3,479 shares of the company’s stock worth $201,000 after buying an additional 959 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Exelon during the fourth quarter worth $49,000. Hengehold Capital Management LLC acquired a new position in shares of Exelon during the fourth quarter worth $235,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Exelon by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 31,039 shares of the company’s stock worth $1,793,000 after buying an additional 1,213 shares in the last quarter. 80.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on EXC shares. KeyCorp lowered their price target on shares of Exelon from $53.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. JPMorgan Chase & Co. upgraded shares of Exelon from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $55.00 in a report on Wednesday, April 20th. UBS Group lowered their price target on shares of Exelon from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Morgan Stanley lowered their price target on shares of Exelon from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. Finally, Argus boosted their price objective on shares of Exelon from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.15.
Exelon Stock Performance
Exelon (NASDAQ:EXC – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a net margin of 9.45% and a return on equity of 10.38%. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, analysts predict that Exelon Co. will post 2.27 EPS for the current year.
Exelon Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be given a dividend of $0.338 per share. The ex-dividend date is Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a yield of 3.02%. This is a boost from Exelon’s previous quarterly dividend of $0.34. Exelon’s dividend payout ratio is 49.82%.
Insider Buying and Selling at Exelon
In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $47.49, for a total transaction of $211,377.99. Following the sale, the chief executive officer now 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 accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
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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