Flputnam Investment Management Co. cut its position in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 90.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,511 shares of the company’s stock after selling 53,393 shares during the quarter. Flputnam Investment Management Co.’s holdings in Exelon were worth $231,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in EXC. Concord Wealth Partners acquired a new position in shares of Exelon in the fourth quarter worth $29,000. First Financial Corp IN raised its position in Exelon by 47.0% during the fourth quarter. First Financial Corp IN now owns 735 shares of the company’s stock valued at $32,000 after acquiring an additional 235 shares in the last quarter. Affiance Financial LLC bought a new stake in Exelon in the fourth quarter worth approximately $32,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Exelon by 48.2% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 815 shares of the company’s stock worth $35,000 after purchasing an additional 265 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Exelon by 263.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after purchasing an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.
Exelon Trading Down 0.4 %
EXC stock opened at $42.02 on Monday. Exelon Co. has a 1-year low of $35.19 and a 1-year high of $47.23. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $40.56 and its 200-day moving average is $41.43. The firm has a market cap of $41.79 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.66 and a beta of 0.61.
Exelon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Monday, May 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.44 annualized dividend and a yield of 3.43%. Exelon’s dividend payout ratio is 64.00%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on EXC shares. Morgan Stanley increased their price objective on Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. JPMorgan Chase & Co. dropped their price target on shares of Exelon from $50.00 to $46.00 in a research report on Wednesday, June 7th. Mizuho decreased their price objective on shares of Exelon from $46.00 to $45.00 in a report on Tuesday, May 16th. BMO Capital Markets dropped their target price on shares of Exelon from $46.00 to $44.00 in a report on Thursday, May 25th. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Exelon has an average rating of “Moderate Buy” and a consensus price target of $44.90.
Exelon Profile
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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