Nikulski Financial Inc. bought a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,625 shares of the company's stock, valued at approximately $249,000.
A number of other large investors have also recently modified their holdings of the business. Czech National Bank increased its position in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after purchasing an additional 14,158 shares in the last quarter. HITE Hedge Asset Management LLC increased its holdings in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock worth $16,051,000 after buying an additional 321,333 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock valued at $261,402,000 after acquiring an additional 123,466 shares during the last quarter. State Street Corp boosted its holdings in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock worth $47,029,000 after acquiring an additional 36,734 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Barclays decreased their price target on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday. Finally, Evercore ISI upgraded Exelon from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $43.00 to $44.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.13.
Read Our Latest Analysis on Exelon
Exelon Trading Up 0.4 %
Exelon stock traded up $0.14 during trading hours on Friday, reaching $39.38. 5,362,623 shares of the company's stock were exchanged, compared to its average volume of 4,739,275. The firm's 50 day simple moving average is $38.12 and its 200 day simple moving average is $38.36. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.19. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $39.57 billion, a PE ratio of 16.21, a PEG ratio of 2.61 and a beta of 0.55.
Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $5.85 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Friday, November 8th. Exelon's dividend payout ratio is presently 62.55%.
Exelon Profile
(
Free Report)
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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