Cresset Asset Management LLC decreased its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 90.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,864 shares of the company's stock after selling 72,439 shares during the quarter. Cresset Asset Management LLC's holdings in Exelon were worth $296,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of EXC. Millstone Evans Group LLC purchased a new position in Exelon in the 4th quarter valued at about $28,000. Stephens Consulting LLC lifted its stake in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in Exelon during the fourth quarter worth approximately $30,000. Crews Bank & Trust purchased a new stake in Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. UBS Group lifted their price target on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Evercore ISI raised their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Finally, Guggenheim upped their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Exelon has an average rating of "Hold" and an average target price of $47.30.
View Our Latest Analysis on EXC
Exelon Trading Down 1.6%
Shares of Exelon stock traded down $0.72 during trading hours on Thursday, hitting $43.47. The company's stock had a trading volume of 1,118,338 shares, compared to its average volume of 7,262,913. The business has a fifty day moving average of $45.28 and a 200 day moving average of $41.65. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The company has a market capitalization of $43.88 billion, a PE ratio of 17.78, a P/E/G ratio of 2.86 and a beta of 0.43.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current year.
Exelon Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.
About Exelon
(
Free Report)
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
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