SG Americas Securities LLC grew its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,634 shares of the company’s stock after buying an additional 9,075 shares during the quarter. SG Americas Securities LLC’s holdings in Exelon were worth $1,757,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Exelon by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 90,274,402 shares of the company’s stock worth $3,381,678,000 after purchasing an additional 2,279,491 shares during the period. BlackRock Inc. raised its position in Exelon by 1.6% in the 3rd quarter. BlackRock Inc. now owns 78,192,869 shares of the company’s stock worth $2,929,105,000 after purchasing an additional 1,256,214 shares during the period. State Street Corp raised its position in Exelon by 1.7% in the 3rd quarter. State Street Corp now owns 59,559,710 shares of the company’s stock worth $2,231,107,000 after purchasing an additional 1,024,313 shares during the period. Bank of New York Mellon Corp raised its position in Exelon by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after purchasing an additional 343,201 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Exelon by 487.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 11,930,788 shares of the company’s stock worth $446,929,000 after purchasing an additional 9,899,186 shares during the period. 80.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EXC has been the topic of a number of research reports. Credit Suisse Group raised their target price on shares of Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Wells Fargo & Company reduced their target price on shares of Exelon from $47.00 to $45.00 in a research report on Wednesday, February 15th. Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. StockNews.com downgraded shares of Exelon from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Finally, BMO Capital Markets dropped their price objective on shares of Exelon from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.80.
Insider Activity
Exelon Price Performance
NASDAQ EXC opened at $43.45 on Tuesday. The firm’s fifty day simple moving average is $41.92 and its two-hundred day simple moving average is $41.82. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 1.44. Exelon Co. has a 12-month low of $35.19 and a 12-month high of $49.86. The firm has a market capitalization of $43.19 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.74 and a beta of 0.61.
Exelon (NASDAQ:EXC – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.14 billion. Exelon had a net margin of 11.37% and a return on equity of 9.30%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts forecast that Exelon Co. will post 2.36 EPS for the current fiscal year.
Exelon Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.31%. Exelon’s payout ratio is 65.75%.
Exelon Profile
Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).
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