Huntington National Bank reduced its holdings in shares of Exelon Co. (NYSE:EXC) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,809 shares of the energy giant’s stock after selling 1,453 shares during the period. Huntington National Bank’s holdings in Exelon were worth $1,046,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EXC. Versant Capital Management Inc boosted its holdings in shares of Exelon by 29.7% in the second quarter. Versant Capital Management Inc now owns 1,157 shares of the energy giant’s stock valued at $41,000 after acquiring an additional 265 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in shares of Exelon by 3.7% in the first quarter. United Asset Strategies Inc. now owns 7,518 shares of the energy giant’s stock valued at $277,000 after acquiring an additional 268 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Exelon by 0.3% in the first quarter. Moody National Bank Trust Division now owns 107,419 shares of the energy giant’s stock valued at $3,954,000 after acquiring an additional 272 shares in the last quarter. First Command Bank boosted its holdings in shares of Exelon by 19.7% in the second quarter. First Command Bank now owns 1,820 shares of the energy giant’s stock valued at $66,000 after acquiring an additional 300 shares in the last quarter. Finally, Financial Consulate Inc. boosted its holdings in shares of Exelon by 3.5% in the second quarter. Financial Consulate Inc. now owns 9,466 shares of the energy giant’s stock valued at $344,000 after acquiring an additional 322 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors.
EXC has been the topic of several analyst reports. Mizuho downgraded shares of Exelon from a “neutral” rating to an “underperform” rating in a report on Friday, July 24th. UBS Group reduced their price objective on shares of Exelon from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Wells Fargo & Co reduced their price objective on shares of Exelon from $59.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Zacks Investment Research cut shares of Exelon from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Tuesday, May 5th. Finally, Seaport Global Securities started coverage on shares of Exelon in a research note on Wednesday, May 20th. They issued a “buy” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.33.
EXC traded up $0.14 during midday trading on Friday, reaching $38.61. 9,205,194 shares of the company’s stock were exchanged, compared to its average volume of 6,622,913. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The stock has a market capitalization of $37.62 billion, a PE ratio of 12.38, a P/E/G ratio of 4.50 and a beta of 0.26. The business’s 50-day moving average price is $37.62 and its 200 day moving average price is $40.09. Exelon Co. has a 1-year low of $29.28 and a 1-year high of $50.54.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Friday, May 8th. The energy giant reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.82 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. As a group, analysts expect that Exelon Co. will post 3.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.3825 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.96%. Exelon’s dividend payout ratio (DPR) is presently 49.04%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NYSE:EXC).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.