Westover Capital Advisors LLC reduced its holdings in Exelon Co. (NYSE:EXC) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 75,299 shares of the energy giant’s stock after selling 6,823 shares during the quarter. Exelon makes up about 1.6% of Westover Capital Advisors LLC’s portfolio, making the stock its 18th largest holding. Westover Capital Advisors LLC’s holdings in Exelon were worth $2,968,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in EXC. Bank of Nova Scotia Trust Co. acquired a new position in Exelon in the 3rd quarter valued at approximately $102,000. NuWave Investment Management LLC acquired a new position in Exelon in the 4th quarter valued at approximately $105,000. Delpha Capital Management LLC acquired a new position in Exelon in the 4th quarter valued at approximately $108,000. Baker Ellis Asset Management LLC acquired a new position in Exelon in the 4th quarter valued at approximately $118,000. Finally, Cerebellum GP LLC acquired a new position in Exelon in the 4th quarter valued at approximately $122,000. Hedge funds and other institutional investors own 78.09% of the company’s stock.
EXC has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Mizuho initiated coverage on shares of Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 price target for the company. SunTrust Banks set a $42.00 price target on shares of Exelon and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 price objective on shares of Exelon in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $40.91.
In related news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $37.94, for a total transaction of $948,500.00. Following the transaction, the chief executive officer now directly owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.
EXC stock opened at $38.31 on Wednesday. The stock has a market cap of $36,883.42, a price-to-earnings ratio of 9.70, a P/E/G ratio of 2.49 and a beta of 0.25. Exelon Co. has a 12 month low of $33.30 and a 12 month high of $42.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10.
Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. analysts predict that Exelon Co. will post 3.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a yield of 3.60%. Exelon’s dividend payout ratio is currently 34.94%.
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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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