Siemens Fonds Invest GmbH cut its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 87.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,369 shares of the company's stock after selling 9,465 shares during the period. Siemens Fonds Invest GmbH's holdings in Exelon were worth $52,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Securities Inc. raised its holdings in Exelon by 10.6% during the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after purchasing an additional 2,160 shares in the last quarter. Custom Index Systems LLC acquired a new position in Exelon during the 4th quarter worth approximately $237,000. Allianz SE purchased a new position in shares of Exelon during the 4th quarter worth approximately $5,953,000. JPMorgan Chase & Co. raised its stake in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after buying an additional 3,068,309 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Exelon by 20.0% in the 4th quarter. Caprock Group LLC now owns 47,333 shares of the company's stock valued at $1,782,000 after buying an additional 7,874 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
EXC has been the topic of a number of recent analyst reports. Barclays upped 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. BMO Capital Markets upped their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. Evercore ISI boosted their price objective 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. Finally, UBS Group upped their target price on shares of Exelon from $46.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.40.
View Our Latest Report on EXC
Exelon Price Performance
Shares of Exelon stock traded down $0.71 on Wednesday, hitting $42.75. The company's stock had a trading volume of 5,537,281 shares, compared to its average volume of 7,362,990. The company has a market capitalization of $43.16 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.40. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The firm has a fifty day moving average price of $45.17 and a 200-day moving average price of $42.02. 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 announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 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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