Coann Capital LLC bought a new position in Exelon Co. (NASDAQ:EXC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 147,717 shares of the company’s stock, valued at approximately $6,461,000. Exelon accounts for approximately 5.5% of Coann Capital LLC’s holdings, making the stock its 8th biggest position.
Several other institutional investors and hedge funds have also recently modified their holdings of EXC. CVA Family Office LLC acquired a new stake in Exelon in the 1st quarter valued at $25,000. Private Capital Group LLC increased its holdings in Exelon by 71.1% in the 1st quarter. Private Capital Group LLC now owns 575 shares of the company’s stock valued at $25,000 after purchasing an additional 239 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in Exelon by 294.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 587 shares of the company’s stock valued at $25,000 after purchasing an additional 438 shares in the last quarter. Albion Financial Group UT acquired a new stake in Exelon in the 4th quarter valued at $25,000. Finally, tru Independence LLC acquired a new stake in Exelon in the 4th quarter valued at $26,000. 78.90% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Morgan Stanley lowered their price target on Exelon from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 18th. Mizuho lowered their target price on Exelon from $39.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, June 4th. TheStreet downgraded Exelon from a “b” rating to a “c+” rating in a research note on Thursday, March 18th. Wells Fargo & Company raised their target price on Exelon from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. Finally, Credit Suisse Group lowered their target price on Exelon from $49.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Exelon currently has a consensus rating of “Buy” and a consensus target price of $46.00.
Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.42). Exelon had a return on equity of 6.44% and a net margin of 3.20%. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the business earned $0.87 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, analysts predict that Exelon Co. will post 2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Friday, May 14th were issued a $0.3825 dividend. The ex-dividend date was Thursday, May 13th. This represents a $1.53 dividend on an annualized basis and a yield of 3.28%. Exelon’s dividend payout ratio is currently 47.52%.
In other news, CEO Michael Innocenzo sold 16,000 shares of Exelon stock in a transaction that occurred on Thursday, May 27th. The stock was sold at an average price of $44.99, for a total transaction of $719,840.00. Following the sale, the chief executive officer now owns 56,382 shares of the company’s stock, valued at $2,536,626.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carim V. Khouzami sold 12,239 shares of Exelon stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $42.88, for a total value of $524,808.32. Following the sale, the chief executive officer now directly owns 635 shares in the company, valued at approximately $27,228.80. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
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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