Systematic Financial Management LP lowered its stake in shares of Exelon (NYSE:EXC) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 462,655 shares of the energy giant’s stock after selling 81,029 shares during the quarter. Systematic Financial Management LP’s holdings in Exelon were worth $18,048,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. NuWave Investment Management LLC purchased a new position in shares of Exelon during the fourth quarter worth about $105,000. Delpha Capital Management LLC purchased a new position in shares of Exelon during the fourth quarter worth about $108,000. We Are One Seven LLC purchased a new position in shares of Exelon during the fourth quarter worth about $117,000. Baker Ellis Asset Management LLC purchased a new position in shares of Exelon during the fourth quarter worth about $118,000. Finally, Cerebellum GP LLC purchased a new position in shares of Exelon during the fourth quarter worth about $122,000. 78.46% of the stock is currently owned by hedge funds and other institutional investors.
In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of Exelon stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total value of $948,500.00. Following the sale, the chief executive officer now owns 19,429 shares of the company’s stock, valued at approximately $737,136.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.
Shares of EXC opened at $39.44 on Monday. Exelon has a twelve month low of $34.91 and a twelve month high of $42.67. The company has a market capitalization of $38.07 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.54 and a beta of 0.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.14.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, May 2nd. The energy giant reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. Exelon had a return on equity of 9.17% and a net margin of 10.06%. The company had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts expect that Exelon will post 3.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Tuesday, May 15th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Monday, May 14th. Exelon’s dividend payout ratio is presently 53.08%.
EXC has been the topic of a number of research reports. SunTrust Banks set a $42.00 price target on Exelon and gave the stock a “buy” rating in a 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 report on Friday, February 2nd. UBS initiated coverage on Exelon in a report on Friday, February 2nd. They set a “buy” rating and a $44.00 price target on the stock. Credit Suisse Group raised Exelon to a “buy” rating and set a $42.00 price target on the stock in a report on Saturday, April 14th. Finally, Bank of America raised their price target on Exelon from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Exelon presently has a consensus rating of “Buy” and a consensus target price of $42.43.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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