Usca Ria LLC increased its holdings in shares of Exelon Co. (NYSE:EXC) by 28.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 44,469 shares of the energy giant’s stock after purchasing an additional 9,962 shares during the period. Usca Ria LLC’s holdings in Exelon were worth $2,132,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. HL Financial Services LLC boosted its holdings in shares of Exelon by 3.2% during the first quarter. HL Financial Services LLC now owns 6,387 shares of the energy giant’s stock worth $320,000 after acquiring an additional 200 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Exelon by 3.1% during the first quarter. Coldstream Capital Management Inc. now owns 7,030 shares of the energy giant’s stock worth $352,000 after acquiring an additional 212 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in shares of Exelon by 0.7% during the second quarter. Trust Co. of Toledo NA OH now owns 33,723 shares of the energy giant’s stock worth $1,616,000 after acquiring an additional 218 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Exelon by 58.5% during the first quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock worth $32,000 after acquiring an additional 234 shares during the period. Finally, Bollard Group LLC boosted its holdings in shares of Exelon by 0.7% during the first quarter. Bollard Group LLC now owns 33,094 shares of the energy giant’s stock worth $1,659,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 79.43% of the company’s stock.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $47.59, for a total transaction of $1,475,290.00. Following the completion of the transaction, the chief executive officer now directly owns 40,331 shares in the company, valued at $1,919,352.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth W. Cornew sold 54,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $49.82, for a total transaction of $2,705,226.00. Following the transaction, the executive vice president now owns 97,813 shares of the company’s stock, valued at $4,873,043.66. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.
EXC has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Morgan Stanley boosted their price objective on Exelon from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday. ValuEngine cut Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. KeyCorp initiated coverage on Exelon in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, Barclays upgraded Exelon from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $54.00 to $52.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Exelon currently has an average rating of “Buy” and a consensus target price of $50.19.
Shares of NYSE EXC traded up $0.48 during midday trading on Friday, reaching $45.13. The company’s stock had a trading volume of 5,396,700 shares, compared to its average volume of 6,783,707. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. Exelon Co. has a fifty-two week low of $42.19 and a fifty-two week high of $51.18. The business’s 50 day moving average price is $46.93 and its two-hundred day moving average price is $48.65. The company has a market cap of $43.38 billion, a P/E ratio of 14.46, a P/E/G ratio of 3.73 and a beta of 0.31.
Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Sell-side analysts forecast that Exelon Co. will post 3.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.363 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.45 annualized dividend and a yield of 3.22%. Exelon’s dividend payout ratio is currently 46.47%.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, 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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