Systematic Financial Management LP decreased its holdings in Exelon Co. (NYSE:EXC) by 25.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 543,684 shares of the energy giant’s stock after selling 184,699 shares during the quarter. Systematic Financial Management LP owned 0.06% of Exelon worth $21,427,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new position in Exelon in the 4th quarter worth about $105,000. Bank of Nova Scotia Trust Co. acquired a new position in Exelon in the 3rd quarter worth about $102,000. Baker Ellis Asset Management LLC acquired a new position in Exelon in the 4th quarter worth about $118,000. Cerebellum GP LLC acquired a new position in Exelon in the 4th quarter worth about $122,000. Finally, Daiwa SB Investments Ltd. raised its holdings in Exelon by 1,208.8% in the 4th quarter. Daiwa SB Investments Ltd. now owns 4,450 shares of the energy giant’s stock worth $175,000 after purchasing an additional 4,110 shares during the period. 78.42% of the stock is owned by institutional investors.
A number of research firms recently weighed in on EXC. Morgan Stanley upped their price target on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Mizuho initiated coverage on Exelon in a report on Friday, December 15th. They set an “underperform” rating and a $36.00 target price for the company. Royal Bank of Canada reissued a “buy” rating and set a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Bank of America initiated coverage on Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. Finally, Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.03.
In related news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the sale, the executive vice president now directly owns 26,435 shares in the company, valued at $1,073,789.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.
Exelon Co. (NYSE EXC) opened at $37.78 on Tuesday. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94. The company has a market cap of $36,458.81, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23.
Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company earned $0.44 EPS. Exelon’s revenue was up 6.4% compared to the same quarter last year. equities analysts expect that Exelon Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, February 14th. This is a boost from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a dividend yield of 3.65%. Exelon’s dividend payout ratio (DPR) is 34.94%.
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Exelon Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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