Edgar Lomax Co. VA lessened its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 98.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,640 shares of the company's stock after selling 1,116,021 shares during the quarter. Edgar Lomax Co. VA's holdings in Exelon were worth $664,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC bought a new stake in shares of Exelon in the fourth quarter valued at about $28,000. Stephens Consulting LLC raised its stake in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the 4th quarter valued at about $30,000. Crews Bank & Trust acquired a new position in shares of Exelon during the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after purchasing an additional 513 shares during the period. Institutional investors own 80.92% of the company's stock.
Exelon Trading Up 2.5 %
Shares of NASDAQ:EXC traded up $1.14 during mid-day trading on Tuesday, reaching $47.37. 7,381,381 shares of the company's stock were exchanged, compared to its average volume of 7,240,251. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The business's fifty day moving average price is $44.42 and its 200-day moving average price is $40.85. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.
Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, research analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.
Exelon Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) is currently 65.31%.
Analyst Ratings Changes
A number of brokerages recently issued reports on EXC. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. UBS Group boosted their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Morgan Stanley raised their price objective on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Evercore ISI restated an "in-line" rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $45.63.
Check Out Our Latest Stock Analysis on EXC
Insider Buying and Selling at Exelon
In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares of the company's stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.
About Exelon
(
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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