Pensionfund DSM Netherlands lifted its position in Exelon Co. (NASDAQ:EXC) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,000 shares of the company’s stock after buying an additional 12,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Exelon were worth $3,368,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley Brook Capital Group bought a new position in Exelon during the fourth quarter valued at approximately $78,000. Hall Private Wealth Advisors bought a new position in Exelon during the fourth quarter valued at approximately $2,129,000. Childress Capital Advisors LLC bought a new position in Exelon during the fourth quarter valued at approximately $27,000. tru Independence LLC bought a new position in Exelon during the fourth quarter valued at approximately $26,000. Finally, Alliance Wealth Advisors LLC bought a new position in Exelon during the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 76.59% of the company’s stock.
A number of brokerages have recently issued reports on EXC. Morgan Stanley reduced their price objective on shares of Exelon from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 25th. TheStreet downgraded shares of Exelon from a “b” rating to a “c+” rating in a research report on Thursday, March 18th. Bank of America raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 6th. Credit Suisse Group lowered their target price on shares of Exelon from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, March 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Exelon from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and an average target price of $45.18.
Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, February 23rd. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.07. Exelon had a return on equity of 9.24% and a net margin of 7.15%. The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period last year, the company earned $0.83 earnings per share. As a group, equities research analysts forecast that Exelon Co. will post 3.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 8th were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, March 5th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 47.52%.
In other Exelon news, CEO Carim V. Khouzami sold 12,239 shares of Exelon stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $42.88, for a total value of $524,808.32. Following the completion of the sale, the chief executive officer now owns 635 shares in the company, valued at approximately $27,228.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company’s stock.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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.
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