Siemens Fonds Invest GmbH trimmed its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 87.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in EXC. JPMorgan Chase & Co. boosted its stake in shares of Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Exelon by 13.5% in the 4th quarter. Park Avenue Securities LLC now owns 19,654 shares of the company's stock valued at $740,000 after purchasing an additional 2,336 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Exelon by 8.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 39,929 shares of the company's stock valued at $1,503,000 after purchasing an additional 3,111 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in Exelon by 2.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 23,236 shares of the company's stock worth $875,000 after buying an additional 525 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in Exelon during the 4th quarter worth approximately $205,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EXC has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Guggenheim lifted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.30.
Check Out Our Latest Research Report on Exelon
Exelon Trading Up 0.6%
EXC stock traded up $0.25 during midday trading on Friday, hitting $43.67. The stock had a trading volume of 9,679,452 shares, compared to its average volume of 7,316,110. The firm has a market cap of $44.09 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.78 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 business has a fifty day moving average price of $45.25 and a two-hundred day moving average price of $41.75.
Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results 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. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, sell-side analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.66%. Exelon's payout ratio is 59.48%.
Exelon 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.
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