Janney Montgomery Scott LLC lowered its stake in Exelon Co. (NASDAQ:EXC – Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,715 shares of the company’s stock after selling 10,610 shares during the period. Janney Montgomery Scott LLC’s holdings in Exelon were worth $6,565,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC boosted its position in Exelon by 767.1% in the first quarter. BerganKDV Wealth Management LLC now owns 633 shares of the company’s stock valued at $27,000 after buying an additional 560 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Exelon during the fourth quarter worth $29,000. Affiance Financial LLC acquired a new position in shares of Exelon during the fourth quarter worth $32,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Exelon by 48.2% during the fourth 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 period. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Exelon by 263.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock worth $36,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.
Exelon Trading Up 1.3 %
EXC opened at $42.55 on Friday. 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 company has a market cap of $42.32 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.61. The company has a fifty day moving average price of $40.77 and a two-hundred day moving average price of $41.43.
Exelon Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Monday, May 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, May 12th. Exelon’s dividend payout ratio (DPR) is currently 64.00%.
Analysts Set New Price Targets
A number of brokerages have recently commented on EXC. JPMorgan Chase & Co. cut their price target on shares of Exelon from $50.00 to $46.00 in a report on Wednesday, June 7th. The Goldman Sachs Group began coverage on shares of Exelon in a report on Wednesday, June 7th. They set a “sell” rating and a $39.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $47.00 price target on shares of Exelon in a report on Friday. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.
Exelon Company 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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