Janney Montgomery Scott LLC boosted its stake in shares of Exelon Co. (NYSE:EXC) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,250 shares of the energy giant’s stock after buying an additional 2,889 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Exelon were worth $4,566,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in EXC. First Bank & Trust bought a new stake in shares of Exelon in the 1st quarter valued at about $25,000. Centersquare Investment Management LLC bought a new stake in shares of Exelon in the 1st quarter valued at about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Exelon in the 1st quarter valued at about $29,000. Manchester Financial Inc. bought a new stake in shares of Exelon in the 2nd quarter valued at about $30,000. Finally, Weaver Consulting Group bought a new stake in shares of Exelon in the 1st quarter valued at about $31,000. Institutional investors own 79.43% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $48.00 to $52.00 in a research report on Thursday, June 6th. Morgan Stanley lifted their price objective on shares of Exelon from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. Barclays raised shares of Exelon from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $54.00 to $52.00 in a research report on Tuesday. They noted that the move was a valuation call. Mizuho lifted their price objective on shares of Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, KeyCorp assumed coverage on shares of Exelon in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $49.82.
NYSE:EXC traded down $0.77 during trading hours on Wednesday, hitting $44.75. 75,022 shares of the company were exchanged, compared to its average volume of 5,401,410. The stock has a market cap of $43.92 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.77 and a beta of 0.31. Exelon Co. has a 52-week low of $42.19 and a 52-week high of $51.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The company’s 50 day moving average is $47.14.
Exelon (NYSE:EXC) last released its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts predict that Exelon Co. will post 3.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.363 per share. This represents a $1.45 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, August 14th. Exelon’s dividend payout ratio is presently 46.47%.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the sale, the chief executive officer now owns 40,331 shares of the company’s stock, valued at approximately $1,919,352.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the sale, the executive vice president now directly owns 97,813 shares in the company, valued at approximately $4,873,043.66. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
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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