Savant Capital LLC lowered its stake in shares of Exelon Co. (NYSE:EXC) by 6.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 24,937 shares of the energy giant’s stock after selling 1,580 shares during the period. Savant Capital LLC’s holdings in Exelon were worth $1,250,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. HL Financial Services LLC raised its position in shares of Exelon by 3.2% during the first quarter. HL Financial Services LLC now owns 6,387 shares of the energy giant’s stock valued at $320,000 after buying an additional 200 shares during the last quarter. Braun Bostich & Associates Inc. raised its position in shares of Exelon by 51.7% during the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after buying an additional 209 shares during the last quarter. Bank of The West raised its position in shares of Exelon by 2.0% during the first quarter. Bank of The West now owns 11,953 shares of the energy giant’s stock valued at $599,000 after buying an additional 233 shares during the last quarter. Cigna Investments Inc. New raised its position in shares of Exelon by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 28,059 shares of the energy giant’s stock valued at $1,265,000 after buying an additional 252 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in shares of Exelon by 27.8% during the first quarter. Flagship Harbor Advisors LLC now owns 1,205 shares of the energy giant’s stock valued at $60,000 after buying an additional 262 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.
Shares of Exelon stock opened at $49.31 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. The stock has a market cap of $48.38 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 4.00 and a beta of 0.37. Exelon Co. has a 1-year low of $39.10 and a 1-year high of $51.03.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The firm had revenue of $9.48 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 3.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.3625 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.45 annualized dividend and a yield of 2.94%. Exelon’s dividend payout ratio is 46.47%.
A number of analysts recently weighed in on the stock. Scotiabank reissued a “buy” rating and issued a $50.00 target price on shares of Exelon in a research note on Wednesday, February 13th. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and upped their target price for the company from $43.00 to $47.00 in a research note on Tuesday, April 9th. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 target price on shares of Exelon in a research note on Wednesday, January 23rd. Morgan Stanley upped their target price on shares of Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Finally, Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and upped their target price for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.13.
In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the sale, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Insiders have sold 88,800 shares of company stock worth $4,352,142 over the last ninety days. Insiders own 0.27% of the company’s stock.
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Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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