United Asset Strategies Inc. raised its position in shares of Exelon Co. (NYSE:EXC) by 6.7% during the 1st quarter, HoldingsChannel reports. The fund owned 6,550 shares of the energy giant’s stock after acquiring an additional 410 shares during the period. United Asset Strategies Inc.’s holdings in Exelon were worth $328,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. HL Financial Services LLC lifted its holdings 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 purchasing an additional 200 shares during the last quarter. Braun Bostich & Associates Inc. lifted its holdings 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 purchasing an additional 209 shares during the last quarter. Bank of The West lifted its holdings 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 purchasing an additional 233 shares during the last quarter. Cigna Investments Inc. New lifted its holdings 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 purchasing an additional 252 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings 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 purchasing an additional 262 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Wells Fargo & Co upgraded shares of Exelon from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $57.00 in a report on Tuesday, April 2nd. Goldman Sachs Group upgraded shares of Exelon from a “sell” rating to a “neutral” rating and lifted their target price for the company from $43.00 to $47.00 in a report on Tuesday, April 9th. Scotiabank reiterated a “buy” rating and set a $50.00 target price on shares of Exelon in a report on Wednesday, February 13th. Morgan Stanley boosted their price objective on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, SunTrust Banks restated a “hold” rating and issued a $49.00 price objective on shares of Exelon in a report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Exelon presently has an average rating of “Buy” and an average target price of $48.13.
NYSE EXC traded down $0.14 during mid-day trading on Thursday, reaching $48.44. The stock had a trading volume of 153,491 shares, compared to its average volume of 5,410,927. Exelon Co. has a 1 year low of $39.10 and a 1 year high of $51.03. The firm has a market cap of $48.38 billion, a P/E ratio of 15.51, a PEG ratio of 4.00 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. As a group, equities analysts expect that Exelon Co. will post 3.13 earnings per share for the current fiscal year.
The business also recently announced 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 of this dividend is Tuesday, May 14th. This represents a $1.45 dividend on an annualized basis and a yield of 2.99%. Exelon’s dividend payout ratio is presently 46.47%.
In other Exelon news, EVP Joseph Nigro sold 53,800 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the sale, the executive vice president now directly owns 99,574 shares in the company, valued at approximately $4,937,874.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $47.88, for a total transaction of $837,900.00. Following the sale, the executive vice president now owns 67,548 shares of the company’s stock, valued at $3,234,198.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,800 shares of company stock valued at $4,352,142. Company insiders own 0.27% of the company’s stock.
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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