FDx Advisors Inc. decreased its holdings in shares of Exelon Co. (NYSE:EXC) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,318 shares of the energy giant’s stock after selling 2,198 shares during the period. FDx Advisors Inc.’s holdings in Exelon were worth $2,062,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at $105,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Exelon during the third quarter valued at $102,000. Baker Ellis Asset Management LLC acquired a new position in shares of Exelon during the fourth quarter valued at $118,000. Cerebellum GP LLC acquired a new position in shares of Exelon during the fourth quarter valued at $122,000. Finally, Trustcore Financial Services LLC acquired a new position in shares of Exelon during the fourth quarter valued at $142,000. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Shares of Exelon Co. (NYSE EXC) opened at $38.24 on Friday. The firm has a market cap of $35,937.70, a PE ratio of 9.68, a P/E/G ratio of 2.43 and a beta of 0.23. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same period in the previous year, the company earned $0.44 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts forecast that Exelon Co. will post 3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 15th will be given a $0.345 dividend. The ex-dividend date is Wednesday, February 14th. This is a boost from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a yield of 3.61%. Exelon’s payout ratio is 34.94%.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the sale, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on EXC shares. SunTrust Banks set a $42.00 price target on shares of Exelon and gave the company a “buy” rating in a report on Monday, February 5th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, February 2nd. UBS Group began coverage on shares of Exelon in a report on Friday, February 2nd. They set a “buy” rating and a $44.00 price target for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Exelon in a report on Tuesday, November 7th. Finally, Morgan Stanley reduced their price objective on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th. 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.91.
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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