Raymond James Trust N.A. reduced its holdings in Exelon Co. (NASDAQ:EXC – Get Rating) by 4.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,437 shares of the company's stock after selling 813 shares during the quarter. Raymond James Trust N.A.'s holdings in Exelon were worth $835,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of EXC. Landmark Wealth Management LLC purchased a new stake in shares of Exelon during the 1st quarter worth $26,000. GoalVest Advisory LLC boosted its holdings in Exelon by 62,900.0% during the second quarter. GoalVest Advisory LLC now owns 630 shares of the company's stock worth $27,000 after buying an additional 629 shares in the last quarter. Addison Advisors LLC grew its position in Exelon by 251.8% during the first quarter. Addison Advisors LLC now owns 598 shares of the company's stock worth $28,000 after buying an additional 428 shares during the period. Princeton Global Asset Management LLC increased its holdings in Exelon by 195.5% in the first quarter. Princeton Global Asset Management LLC now owns 662 shares of the company's stock valued at $32,000 after buying an additional 438 shares in the last quarter. Finally, Ahrens Investment Partners LLC lifted its position in shares of Exelon by 2,068.8% during the 1st quarter. Ahrens Investment Partners LLC now owns 694 shares of the company's stock valued at $33,000 after acquiring an additional 662 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.
Get Exelon alerts:Exelon Price Performance
EXC stock opened at $41.67 on Friday. The stock has a market capitalization of $40.86 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The stock's fifty day simple moving average is $44.89 and its 200-day simple moving average is $44.86. Exelon Co. has a 52-week low of $33.93 and a 52-week high of $50.71. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.53.
Exelon (NASDAQ:EXC – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.12 billion. Equities research analysts expect that Exelon Co. will post 2.27 EPS for the current year.Exelon Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were paid a dividend of $0.338 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a yield of 3.24%. This is an increase from Exelon's previous quarterly dividend of $0.34. Exelon's dividend payout ratio (DPR) is currently 49.82%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on Exelon from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. Barclays dropped their price target on Exelon from $50.00 to $46.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. BMO Capital Markets raised their target price on shares of Exelon from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Argus upped their price target on shares of Exelon from $50.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, June 8th. Finally, KeyCorp dropped their price objective on shares of Exelon from $53.00 to $45.00 and set an "overweight" rating for the company in a research note on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and seven have given 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 $48.23.
Exelon Company Profile
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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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