Kapitalo Investimentos Ltda purchased a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,709 shares of the company's stock, valued at approximately $290,000.
Several other institutional investors also recently modified their holdings of the stock. Voleon Capital Management LP acquired a new position in Exelon in the 4th quarter valued at approximately $13,599,000. Evergreen Wealth Solutions LLC acquired a new stake in Exelon in the fourth quarter valued at $312,000. Soros Fund Management LLC acquired a new stake in Exelon in the fourth quarter valued at $7,528,000. AQR Capital Management LLC raised its position in Exelon by 109.8% during the 4th quarter. AQR Capital Management LLC now owns 513,709 shares of the company's stock worth $19,336,000 after purchasing an additional 268,847 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in Exelon by 1.3% during the 4th quarter. Lido Advisors LLC now owns 27,570 shares of the company's stock worth $1,038,000 after buying an additional 353 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Exelon
In related news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.
Exelon Stock Down 0.3 %
Shares of EXC stock traded down $0.12 on Friday, reaching $46.48. 5,876,748 shares of the company were exchanged, compared to its average volume of 7,277,091. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a 50-day moving average of $45.06 and a 200-day moving average of $41.27. The company has a market cap of $46.92 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a one year low of $34.01 and a one year high of $48.11.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. 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 prior year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. Analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.
Exelon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on EXC. Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average price target of $48.22.
Check Out Our Latest 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.
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