Cetera Advisors LLC grew its holdings in Exelon Co. (NYSE:EXC) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,319 shares of the energy giant’s stock after purchasing an additional 1,329 shares during the quarter. Cetera Advisors LLC’s holdings in Exelon were worth $1,020,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of EXC. First Bank & Trust acquired a new position in Exelon in the first quarter worth $25,000. Braun Bostich & Associates Inc. boosted its stake in Exelon by 51.7% in the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after purchasing an additional 209 shares in the last quarter. Capital Financial Planning LLC acquired a new position in Exelon in the fourth quarter worth $29,000. LFA Lugano Financial Advisors SA acquired a new position in Exelon in the first quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in Exelon in the first quarter worth $34,000. 80.23% of the stock is currently owned by institutional investors.
A number of research firms have commented on EXC. Scotiabank reissued a “buy” rating and issued a $50.00 price objective on shares of Exelon in a research note on Wednesday, February 13th. Morgan Stanley upped their price target on Exelon from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday. Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and upped their price target for the company from $43.00 to $47.00 in a research note on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 price target on shares of Exelon in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co raised Exelon from a “market perform” rating to an “outperform” rating and upped their price target for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $48.97.
Shares of EXC opened at $48.91 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Exelon Co. has a 12-month low of $39.10 and a 12-month high of $51.03. The firm has a market cap of $47.35 billion, a PE ratio of 16.04, a PEG ratio of 4.12 and a beta of 0.37.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $9.48 billion for the quarter, compared to analyst estimates of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Research analysts anticipate that Exelon Co. will post 3.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.3625 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.45 dividend on an annualized basis and a yield of 2.96%. Exelon’s dividend payout ratio is presently 46.47%.
In related news, EVP Paymon Aliabadi sold 17,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $48.36, for a total value of $846,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Nigro sold 53,800 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. Corporate 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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