Exelon Co. (EXC) Shares Bought by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC boosted its holdings in shares of Exelon Co. (NYSE:EXC) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,534 shares of the energy giant’s stock after acquiring an additional 1,046 shares during the period. Exelon makes up approximately 2.0% of Providence Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Providence Wealth Advisors LLC’s holdings in Exelon were worth $2,130,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. USS Investment Management Ltd increased its position in shares of Exelon by 247.6% in the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after acquiring an additional 625,681 shares during the last quarter. Occidental Asset Management LLC increased its position in Exelon by 6.6% during the fourth quarter. Occidental Asset Management LLC now owns 12,381 shares of the energy giant’s stock worth $558,000 after buying an additional 766 shares during the last quarter. Bank of Edwardsville acquired a new position in Exelon during the first quarter worth approximately $1,166,000. Weather Gauge Advisory LLC acquired a new position in Exelon during the fourth quarter worth approximately $2,083,000. Finally, MUFG Securities EMEA plc increased its position in Exelon by 68.4% during the fourth quarter. MUFG Securities EMEA plc now owns 281,302 shares of the energy giant’s stock worth $12,687,000 after buying an additional 114,217 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

In other news, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. Insiders sold 88,800 shares of company stock valued at $4,352,142 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

EXC has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $51.00 price objective on shares of Exelon in a report on Wednesday, January 23rd. Wells Fargo & Co restated a “hold” rating on shares of Exelon in a report on Friday, February 8th. Morgan Stanley boosted their price objective on Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. SunTrust Banks restated a “hold” rating and set a $49.00 price objective on shares of Exelon in a report on Tuesday, February 12th. Finally, Scotiabank reiterated a “buy” rating and issued a $50.00 price target on shares of Exelon in a research note on Wednesday, February 13th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Exelon currently has an average rating of “Buy” and a consensus target price of $48.13.

EXC traded up $0.57 during trading on Friday, hitting $49.33. 4,062,335 shares of the stock traded hands, compared to its average volume of 5,279,082. The company has a market cap of $47.34 billion, a P/E ratio of 15.81, a P/E/G ratio of 4.11 and a beta of 0.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. Exelon Co. has a twelve month low of $39.10 and a twelve month high of $51.03.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The company had revenue of $9.48 billion during the quarter, compared to the consensus estimate of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. On average, analysts expect that Exelon Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.3625 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.45 dividend on an annualized basis and a yield of 2.94%. Exelon’s payout ratio is 46.47%.

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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. 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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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