Argent Trust Co purchased a new position in Exelon Co. (NASDAQ:EXC – Get Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 5,273 shares of the company’s stock, valued at approximately $228,000.
A number of other hedge funds have also bought and sold shares of EXC. National Bank of Canada FI boosted its stake in Exelon by 31.4% in the fourth quarter. National Bank of Canada FI now owns 126,603 shares of the company’s stock valued at $5,473,000 after acquiring an additional 30,255 shares during the period. Mutual of America Capital Management LLC boosted its stake in Exelon by 2.7% in the third quarter. Mutual of America Capital Management LLC now owns 137,298 shares of the company’s stock valued at $5,143,000 after acquiring an additional 3,651 shares during the period. Quadrature Capital Ltd acquired a new position in Exelon in the third quarter valued at approximately $564,000. Marcum Wealth LLC boosted its stake in Exelon by 7.3% in the fourth quarter. Marcum Wealth LLC now owns 5,858 shares of the company’s stock valued at $253,000 after acquiring an additional 400 shares during the period. Finally, Mutual Advisors LLC boosted its stake in Exelon by 4.3% in the fourth quarter. Mutual Advisors LLC now owns 8,521 shares of the company’s stock valued at $368,000 after acquiring an additional 355 shares during the period. 80.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EXC has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on Exelon from $46.00 to $44.00 in a report on Thursday. Wells Fargo & Company cut their price target on Exelon from $47.00 to $45.00 in a report on Wednesday, February 15th. Morgan Stanley lifted their price target on Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Mizuho cut their price target on Exelon from $46.00 to $45.00 in a report on Tuesday, May 16th. Finally, StockNews.com assumed coverage on Exelon in a report on Thursday, May 18th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and a consensus target price of $46.30.
Insider Buying and Selling
Exelon Trading Down 1.6 %
Exelon stock opened at $39.51 on Friday. The company’s fifty day simple moving average is $41.80 and its 200-day simple moving average is $41.73. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.56. Exelon Co. has a 12 month low of $35.19 and a 12 month high of $49.86. The stock has a market cap of $39.30 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.56 and a beta of 0.62.
Exelon (NASDAQ:EXC – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Exelon had a net margin of 11.61% and a return on equity of 9.41%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the previous year, the company posted $0.64 EPS. Exelon’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exelon Co. will post 2.35 EPS for the current fiscal year.
Exelon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Monday, May 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, May 12th. Exelon’s dividend payout ratio is presently 64.00%.
Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).
- Get a free copy of the StockNews.com research report on Exelon (EXC)
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