West Chester Capital Advisors Inc. bought a new position in Exelon Co. (NYSE:EXC) during the 4th quarter, HoldingsChannel.com reports. The firm bought 13,899 shares of the energy giant’s stock, valued at approximately $580,000.
Several other institutional investors have also recently modified their holdings of EXC. Bank of Nova Scotia Trust Co. purchased a new stake in Exelon in the third quarter worth $102,000. NuWave Investment Management LLC purchased a new stake in Exelon in the fourth quarter worth $105,000. Baker Ellis Asset Management LLC purchased a new stake in Exelon in the fourth quarter worth $118,000. Cerebellum GP LLC purchased a new stake in Exelon in the fourth quarter worth $122,000. Finally, Trustcore Financial Services LLC purchased a new stake in Exelon in the fourth quarter worth $142,000. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Exelon Co. (NYSE EXC) opened at $37.55 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $36,458.81, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23. Exelon Co. has a 52-week low of $33.30 and a 52-week high of $42.67.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.05). The firm had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. equities research analysts forecast that Exelon Co. will post 3.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 annualized dividend and a yield of 3.68%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio (DPR) is currently 34.94%.
EXC has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 price target on shares of Exelon in a research note on Tuesday, November 7th. Bank of America initiated coverage on Exelon in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target for the company. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, January 24th. SunTrust Banks set a $42.00 price target on Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, UBS Group initiated coverage on Exelon in a research note on Friday, February 2nd. They issued a “buy” rating and a $44.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $41.03.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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