Resonant Capital Advisors LLC bought a new position in Exelon Co. (NYSE:EXC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,754 shares of the energy giant’s stock, valued at approximately $217,000.
A number of other institutional investors also recently made changes to their positions in EXC. Haverford Trust Co. grew its position in Exelon by 3.0% in the 4th quarter. Haverford Trust Co. now owns 8,260 shares of the energy giant’s stock valued at $377,000 after acquiring an additional 243 shares during the last quarter. Adirondack Trust Co. increased its stake in Exelon by 17.2% in the 4th quarter. Adirondack Trust Co. now owns 1,775 shares of the energy giant’s stock worth $85,000 after buying an additional 260 shares during the period. Occidental Asset Management LLC increased its stake in Exelon by 1.3% in the 4th quarter. Occidental Asset Management LLC now owns 20,566 shares of the energy giant’s stock worth $938,000 after buying an additional 266 shares during the period. Allworth Financial LP lifted its holdings in Exelon by 11.3% during the 4th quarter. Allworth Financial LP now owns 2,776 shares of the energy giant’s stock valued at $127,000 after buying an additional 281 shares in the last quarter. Finally, Focused Wealth Management Inc lifted its holdings in Exelon by 21.6% during the 4th quarter. Focused Wealth Management Inc now owns 1,599 shares of the energy giant’s stock valued at $73,000 after buying an additional 284 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors.
Several equities research analysts have issued reports on the stock. Barclays dropped their target price on shares of Exelon from $50.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday. Vertical Research assumed coverage on shares of Exelon in a research note on Monday, February 24th. They set a “hold” rating and a $54.00 price target for the company. Wells Fargo & Co boosted their price target on Exelon from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Citigroup dropped their price objective on Exelon from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Argus reduced their price objective on Exelon from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $51.08.
Exelon (NYSE:EXC) last issued its quarterly earnings data on Tuesday, February 11th. The energy giant reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts predict that Exelon Co. will post 3.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.3825 dividend. The ex-dividend date was Wednesday, February 19th. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.53 dividend on an annualized basis and a yield of 4.18%. Exelon’s payout ratio is currently 49.04%.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company 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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