Chicago Equity Partners LLC increased its position in shares of Exelon Co. (NYSE:EXC) by 1,233.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,475 shares of the energy giant’s stock after purchasing an additional 92,940 shares during the period. Chicago Equity Partners LLC’s holdings in Exelon were worth $4,531,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SNS Financial Group LLC bought a new stake in Exelon in the fourth quarter valued at $235,000. Smithfield Trust Co. grew its position in Exelon by 16.1% in the fourth quarter. Smithfield Trust Co. now owns 8,411 shares of the energy giant’s stock valued at $379,000 after acquiring an additional 1,168 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Exelon by 84.9% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock valued at $44,000 after acquiring an additional 445 shares during the period. Financial Gravity Companies Inc. bought a new stake in Exelon in the fourth quarter valued at $49,000. Finally, BB&T Securities LLC grew its position in Exelon by 5.0% in the fourth quarter. BB&T Securities LLC now owns 43,706 shares of the energy giant’s stock valued at $1,970,000 after acquiring an additional 2,083 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.
Exelon stock opened at $47.80 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. Exelon Co. has a 52 week low of $36.22 and a 52 week high of $48.17. The firm has a market capitalization of $46.15 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts anticipate that Exelon Co. will post 3.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, February 19th. This is a positive change from Exelon’s previous quarterly dividend of $0.35. Exelon’s dividend payout ratio is 44.23%.
EXC has been the topic of a number of recent analyst reports. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, October 29th. Morgan Stanley set a $48.00 price objective on Exelon and gave the stock a “hold” rating in a research note on Friday, November 2nd. Credit Suisse Group boosted their price objective on Exelon from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 6th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Exelon in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.53.
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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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