New York State Common Retirement Fund cut its holdings in shares of Exelon (NYSE:EXC) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,374,491 shares of the energy giant’s stock after selling 222,300 shares during the period. New York State Common Retirement Fund owned 0.25% of Exelon worth $92,629,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Skba Capital Management LLC grew its position in shares of Exelon by 0.6% during the first quarter. Skba Capital Management LLC now owns 201,350 shares of the energy giant’s stock worth $7,855,000 after acquiring an additional 1,250 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Exelon by 6.1% during the first quarter. D.A. Davidson & CO. now owns 22,516 shares of the energy giant’s stock worth $878,000 after acquiring an additional 1,285 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Exelon by 11.4% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 12,621 shares of the energy giant’s stock worth $492,000 after acquiring an additional 1,288 shares during the last quarter. Fieldpoint Private Securities LLC grew its position in shares of Exelon by 15.0% during the fourth quarter. Fieldpoint Private Securities LLC now owns 10,425 shares of the energy giant’s stock worth $411,000 after acquiring an additional 1,360 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Exelon by 1.6% during the fourth quarter. CIBC Asset Management Inc now owns 96,194 shares of the energy giant’s stock worth $3,791,000 after acquiring an additional 1,480 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.
In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 19,429 shares of the company’s stock, valued at $737,136.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Exelon opened at $40.67 on Friday, Marketbeat reports. Exelon has a one year low of $35.37 and a one year high of $42.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.99. The firm has a market capitalization of $39.26 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.62 and a beta of 0.14.
Exelon (NYSE:EXC) last released its earnings results on Wednesday, May 2nd. The energy giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter last year, the company earned $0.65 earnings per share. Exelon’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts predict that Exelon will post 3.08 earnings per share for the current year.
The firm also recently announced 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 3.39%. The ex-dividend date of this dividend is Monday, May 14th. Exelon’s dividend payout ratio (DPR) is currently 53.08%.
A number of research firms recently weighed in on EXC. UBS began coverage on shares of Exelon in a research report on Friday, February 2nd. They issued a “buy” rating and a $44.00 price objective on the stock. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Morgan Stanley lowered their price objective on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 price objective on shares of Exelon in a research report on Wednesday, February 14th. Finally, Bank of America lifted their price objective on shares of Exelon from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.43.
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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