Machina Capital S.A.S. Decreases Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• Machina Capital S.A.S. reduced its holdings in Exelon Corporation by 79.5%, selling 21,272 shares during the first quarter, leaving them with 5,486 shares valued at $253,000.
• Analysts have varied price targets for Exelon, with Morgan Stanley reducing their target to $48.00, while Evercore ISI raised theirs to $51.00, indicating mixed sentiment regarding the stock's performance.
• Exelon recently announced a quarterly dividend of $0.40 per share, with an annualized rate of $1.60, resulting in a yield of 3.64% for investors.

Machina Capital S.A.S. lessened its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 79.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,486 shares of the company's stock after selling 21,272 shares during the period. Machina Capital S.A.S.'s holdings in Exelon were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of Exelon during the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its position in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in Exelon in the 4th quarter worth about $44,000. Opal Wealth Advisors LLC bought a new stake in Exelon in the 1st quarter worth about $50,000. Finally, Colonial Trust Co SC increased its stake in shares of Exelon by 43.6% during the 4th quarter. Colonial Trust Co SC now owns 1,344 shares of the company's stock worth $51,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Up 1.6%

Shares of EXC traded up $0.68 during trading hours on Tuesday, reaching $44.09. 1,370,526 shares of the company traded hands, compared to its average volume of 7,417,070. The company's fifty day moving average price is $43.23 and its two-hundred day moving average price is $43.45. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Exelon's quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXC. Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. One investment 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, the stock has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Company Profile

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.