Lombard Odier Asset Management Switzerland SA purchased a new stake in Exelon Co. (NYSE:EXC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 22,506 shares of the energy giant’s stock, valued at approximately $887,000.
A number of other institutional investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. grew its stake in shares of Exelon by 4.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 27,526 shares of the energy giant’s stock valued at $1,037,000 after acquiring an additional 1,250 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of Exelon by 20.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock worth $282,000 after acquiring an additional 1,273 shares in the last quarter. ARGI Investment Services LLC raised its holdings in shares of Exelon by 2.9% during the 3rd quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock worth $1,788,000 after acquiring an additional 1,343 shares in the last quarter. BKD Wealth Advisors LLC raised its holdings in shares of Exelon by 13.1% during the 4th quarter. BKD Wealth Advisors LLC now owns 11,694 shares of the energy giant’s stock worth $461,000 after acquiring an additional 1,354 shares in the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in shares of Exelon by 29.6% during the 4th quarter. OLD Second National Bank of Aurora now owns 6,125 shares of the energy giant’s stock worth $241,000 after acquiring an additional 1,400 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.
EXC has been the topic of several research analyst reports. SunTrust Banks set a $42.00 price objective on Exelon and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, February 2nd. UBS Group started coverage on Exelon in a research report on Friday, February 2nd. They set a “buy” rating and a $44.00 price objective on the stock. Morgan Stanley raised their price objective on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Mizuho upgraded Exelon from an “underperform” rating to a “neutral” rating and increased their price target for the company from $36.00 to $40.00 in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.91.
Exelon Co. (NYSE EXC) traded up $0.39 during trading hours on Wednesday, hitting $37.83. The stock had a trading volume of 5,330,000 shares, compared to its average volume of 7,570,000. The firm has a market cap of $36,510.00, a PE ratio of 9.60, a P/E/G ratio of 2.45 and a beta of 0.25. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.01. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67.
Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. research analysts forecast that Exelon Co. will post 3.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is 35.03%.
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Exelon Company Profile
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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