Cadence Capital Management LLC lessened its holdings in shares of Exelon Co. (NYSE:EXC) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,318 shares of the energy giant’s stock after selling 5,147 shares during the quarter. Cadence Capital Management LLC’s holdings in Exelon were worth $1,673,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Partners LTD. acquired a new position in shares of Exelon during the 3rd quarter valued at about $212,000. Welch Group LLC acquired a new position in shares of Exelon during the 3rd quarter valued at about $110,000. CWM LLC boosted its position in shares of Exelon by 106.5% during the 3rd quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock valued at $116,000 after acquiring an additional 1,368 shares during the last quarter. Landaas & Co. WI ADV acquired a new position in shares of Exelon during the 2nd quarter valued at about $116,000. Finally, Burt Wealth Advisors boosted its position in shares of Exelon by 81.6% during the 3rd quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock valued at $126,000 after acquiring an additional 1,296 shares during the last quarter. 78.89% of the stock is currently owned by institutional investors.
EXC has been the topic of several recent research reports. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks cut shares of Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 21st. Citigroup cut shares of Exelon from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Tuesday, October 9th. Finally, Guggenheim reissued a “buy” rating and set a $51.00 price target on shares of Exelon in a research report on Monday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.00.
Shares of EXC opened at $45.04 on Friday. The stock has a market capitalization of $43.20 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.87 and a beta of 0.26. Exelon Co. has a 12-month low of $35.57 and a 12-month high of $45.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. Exelon’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Analysts expect that Exelon Co. will post 3.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.38 annualized dividend and a yield of 3.06%. Exelon’s dividend payout ratio (DPR) is currently 53.08%.
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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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