Standard Family Office LLC trimmed its stake in Exelon Co. (NASDAQ:EXC) by 62.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,235 shares of the company’s stock after selling 2,098 shares during the quarter. Standard Family Office LLC’s holdings in Exelon were worth $54,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Ironwood Wealth Management LLC. bought a new position in shares of Exelon in the 4th quarter worth $40,000. CIBC Asset Management Inc grew its stake in Exelon by 6.7% during the 4th quarter. CIBC Asset Management Inc now owns 161,765 shares of the company’s stock worth $6,830,000 after buying an additional 10,142 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Exelon by 161.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,621 shares of the company’s stock worth $68,000 after buying an additional 1,000 shares during the last quarter. Altium Wealth Management LLC grew its stake in Exelon by 29.8% during the 4th quarter. Altium Wealth Management LLC now owns 10,020 shares of the company’s stock worth $423,000 after buying an additional 2,299 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Exelon by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 74,675 shares of the company’s stock worth $3,153,000 after buying an additional 4,624 shares during the last quarter. 78.90% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on EXC shares. Morgan Stanley dropped their target price on Exelon from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 18th. Mizuho dropped their target price on Exelon from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, June 4th. Wells Fargo & Company boosted their target price on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 7th. Credit Suisse Group dropped their target price on Exelon from $49.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, March 1st. Finally, TheStreet downgraded Exelon from a “b” rating to a “c+” rating in a research note on Thursday, March 18th. One research 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. Exelon presently has a consensus rating of “Buy” and an average price target of $46.00.
Exelon stock opened at $46.71 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $45.09. The stock has a market cap of $45.64 billion, a P/E ratio of 42.08, a PEG ratio of 5.19 and a beta of 0.44. Exelon Co. has a fifty-two week low of $33.97 and a fifty-two week high of $46.96.
Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, May 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Exelon had a return on equity of 6.44% and a net margin of 3.20%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts expect that Exelon Co. will post 2.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 14th were paid a $0.3825 dividend. The ex-dividend date was Thursday, May 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.28%. Exelon’s payout ratio is 47.52%.
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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