Global Financial Private Capital LLC Cuts Stake in Exelon Co. (EXC)

Global Financial Private Capital LLC lessened its holdings in Exelon Co. (NYSE:EXC) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,982 shares of the energy giant’s stock after selling 4,195 shares during the period. Global Financial Private Capital LLC’s holdings in Exelon were worth $2,705,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Csenge Advisory Group acquired a new stake in Exelon during the 3rd quarter valued at $26,000. Moody National Bank Trust Division acquired a new stake in Exelon during the 4th quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Exelon by 84.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock valued at $44,000 after purchasing an additional 445 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Exelon during the 4th quarter worth $48,000. Finally, Financial Gravity Companies Inc. acquired a new position in Exelon during the 4th quarter worth $49,000. 80.71% of the stock is currently owned by institutional investors and hedge funds.

Exelon stock opened at $47.80 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. Exelon Co. has a 1 year low of $36.22 and a 1 year high of $48.17. The stock has a market capitalization of $46.15 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that Exelon Co. will post 3.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th will be given a $0.3625 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Tuesday, February 19th. Exelon’s dividend payout ratio (DPR) is presently 44.23%.

EXC has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Exelon in a report on Wednesday, November 7th. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Monday, October 29th. ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Morgan Stanley raised their price objective on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Barclays raised their price objective on shares of Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.59.

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Exelon Profile

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.

Further Reading: Balance Sheet

Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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