Sentry Investment Management LLC lessened its holdings in Exelon Co. (NYSE:EXC) by 8.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 57,716 shares of the energy giant’s stock after selling 5,089 shares during the quarter. Sentry Investment Management LLC’s holdings in Exelon were worth $2,893,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. HL Financial Services LLC boosted its holdings in shares of Exelon by 3.2% during the 1st quarter. HL Financial Services LLC now owns 6,387 shares of the energy giant’s stock valued at $320,000 after purchasing an additional 200 shares during the last quarter. Braun Bostich & Associates Inc. lifted its holdings in shares of Exelon by 51.7% in the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after acquiring an additional 209 shares during the last quarter. Bank of The West lifted its holdings in shares of Exelon by 2.0% in the 1st quarter. Bank of The West now owns 11,953 shares of the energy giant’s stock valued at $599,000 after acquiring an additional 233 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Exelon by 58.5% in the 1st quarter. Tortoise Investment Management LLC now owns 634 shares of the energy giant’s stock valued at $32,000 after acquiring an additional 234 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its holdings in shares of Exelon by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 28,059 shares of the energy giant’s stock valued at $1,265,000 after acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 80.23% of the company’s stock.
A number of research analysts recently commented on the stock. Scotiabank reaffirmed a “buy” rating and issued a $50.00 price target on shares of Exelon in a report on Wednesday, February 13th. Morgan Stanley increased their price target on shares of Exelon from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and increased their price target for the company from $43.00 to $47.00 in a report on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 price target on shares of Exelon in a report on Wednesday, January 23rd. Finally, Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.97.
NYSE EXC traded up $0.17 during trading on Monday, hitting $49.15. The stock had a trading volume of 1,108,559 shares, compared to its average volume of 4,933,233. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. The company has a market cap of $47.56 billion, a P/E ratio of 15.75, a PEG ratio of 4.14 and a beta of 0.37. Exelon Co. has a one year low of $39.10 and a one year high of $51.03.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The business 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 firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, equities research analysts expect that Exelon Co. will post 3.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.3625 dividend. This represents a $1.45 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 14th. Exelon’s payout ratio is currently 46.47%.
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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