Lesa Sroufe & Co decreased its stake in shares of Exelon Co. (NYSE:EXC) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,333 shares of the energy giant’s stock after selling 8,601 shares during the quarter. Exelon comprises 4.0% of Lesa Sroufe & Co’s investment portfolio, making the stock its 4th biggest position. Lesa Sroufe & Co’s holdings in Exelon were worth $4,629,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EXC. First Bank & Trust acquired a new stake in Exelon in the 1st quarter worth about $25,000. LFA Lugano Financial Advisors SA acquired a new stake in Exelon in the 1st quarter worth about $29,000. Braun Bostich & Associates Inc. raised its stake in Exelon by 51.7% in the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after purchasing an additional 209 shares in the last quarter. Capital Financial Planning LLC acquired a new stake in Exelon in the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Exelon in the 1st quarter worth about $34,000. 80.49% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on EXC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research note on Wednesday, January 23rd. Wells Fargo & Co reiterated a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Morgan Stanley lifted their price objective on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. SunTrust Banks reiterated a “hold” rating and issued a $49.00 price objective on shares of Exelon in a research note on Tuesday, February 12th. Finally, Scotiabank reiterated a “buy” rating and issued a $50.00 price objective on shares of Exelon in a research note on Wednesday, February 13th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.13.
Shares of NYSE:EXC traded up $0.57 during midday trading on Friday, hitting $49.33. The stock had a trading volume of 4,062,335 shares, compared to its average volume of 5,279,082. The stock has a market capitalization of $47.34 billion, a PE ratio of 15.81, a PEG ratio of 4.11 and a beta of 0.37. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Exelon Co. has a fifty-two week low of $39.10 and a fifty-two week high of $51.03.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, research analysts predict that Exelon Co. will post 3.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.3625 dividend. This represents a $1.45 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, May 14th. Exelon’s payout ratio is presently 46.47%.
Exelon Company 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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