State of Wyoming purchased a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,080 shares of the company's stock, valued at approximately $229,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in shares of Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC raised its holdings in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon in the 4th quarter worth approximately $30,000. Crews Bank & Trust bought a new stake in shares of Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after purchasing an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
Exelon Stock Up 0.4%
Shares of NASDAQ:EXC traded up $0.19 during trading on Thursday, reaching $43.47. 1,011,509 shares of the company traded hands, compared to its average volume of 7,289,739. The firm has a fifty day simple moving average of $45.21 and a 200 day simple moving average of $41.84. The firm has a market cap of $43.88 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. 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 (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.
Exelon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is presently 59.48%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research report on Wednesday, May 14th. Guggenheim lifted their target price 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. Finally, BMO Capital Markets lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $47.30.
View Our Latest Stock Report on EXC
Exelon Company Profile
(
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.
See Also
Before you consider Exelon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exelon wasn't on the list.
While Exelon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
