SG Americas Securities LLC Has $3.92 Million Position in Exelon Co. (NASDAQ:EXC)

SG Americas Securities LLC boosted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 714.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,962 shares of the company's stock after buying an additional 74,534 shares during the period. SG Americas Securities LLC's holdings in Exelon were worth $3,915,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EXC. Empowered Funds LLC grew its position in Exelon by 237.4% in the 4th quarter. Empowered Funds LLC now owns 57,289 shares of the company's stock valued at $2,156,000 after purchasing an additional 40,309 shares during the period. Stephens Inc. AR increased its position in shares of Exelon by 12.8% during the fourth quarter. Stephens Inc. AR now owns 14,154 shares of the company's stock valued at $533,000 after buying an additional 1,610 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Exelon during the fourth quarter worth about $40,000. Allspring Global Investments Holdings LLC boosted its stake in Exelon by 39.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 577,277 shares of the company's stock worth $21,740,000 after buying an additional 162,007 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Exelon by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 313,499 shares of the company's stock valued at $11,800,000 after purchasing an additional 24,565 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 0.9%

Shares of EXC stock traded down $0.39 during trading hours on Friday, reaching $43.25. 5,163,805 shares of the stock traded hands, compared to its average volume of 7,342,843. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The business has a fifty day moving average price of $44.78 and a 200 day moving average price of $42.20. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $43.66 billion, a PE ratio of 17.65, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results 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 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Exelon's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. Exelon's payout ratio is presently 59.48%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. Finally, Guggenheim boosted their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of "Hold" and a consensus price target of $47.40.

Exelon 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.