Raiffeisen Bank International AG purchased a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,250 shares of the company's stock, valued at approximately $875,000.
A number of other hedge funds also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new position in shares of Exelon in the fourth quarter valued at approximately $28,000. Stephens Consulting LLC grew its stake in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in Exelon during the 4th quarter valued at about $30,000. Crews Bank & Trust purchased a new stake in Exelon during the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on EXC shares. Wells Fargo & Company lifted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. BMO Capital Markets upped their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Scotiabank raised their target price on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, KeyCorp cut 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Exelon presently has a consensus rating of "Hold" and an average target price of $47.30.
Check Out Our Latest Analysis on EXC
Exelon Stock Performance
Shares of EXC stock traded down $0.13 during trading hours on Tuesday, reaching $44.26. 6,025,576 shares of the company's stock were exchanged, compared to its average volume of 7,289,673. The company has a market cap of $44.68 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company's 50 day moving average is $45.26 and its two-hundred day moving average is $41.62. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating 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 firm had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.
Exelon Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is currently 59.48%.
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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