Cadence Bank NA maintained its stake in shares of Exelon Corporation (NYSE:EXC) during the fourth quarter, Holdings Channel reports. The fund owned 7,765 shares of the energy giant’s stock at the end of the fourth quarter. Cadence Bank NA’s holdings in Exelon Corporation were worth $276,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. World Asset Management Inc boosted its position in shares of Exelon Corporation by 1.0% in the second quarter. World Asset Management Inc now owns 98,187 shares of the energy giant’s stock worth $3,570,000 after buying an additional 958 shares during the last quarter. Buckingham Asset Management LLC acquired a new position in shares of Exelon Corporation during the second quarter worth approximately $200,000. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Exelon Corporation by 3.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,504,034 shares of the energy giant’s stock worth $54,687,000 after buying an additional 55,134 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Exelon Corporation by 2.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 138,005 shares of the energy giant’s stock worth $5,018,000 after buying an additional 3,841 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its position in shares of Exelon Corporation by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock worth $106,000 after buying an additional 14 shares during the last quarter. Institutional investors own 75.15% of the company’s stock.
Exelon Corporation (NYSE:EXC) opened at 35.02 on Friday. The firm’s 50-day moving average is $35.46 and its 200 day moving average is $34.22. The stock has a market cap of $32.33 billion, a price-to-earnings ratio of 26.25 and a beta of 0.26. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $37.70.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, February 8th. The energy giant reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.91 billion. Exelon Corporation had a net margin of 3.59% and a return on equity of 9.24%. Exelon Corporation’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities research analysts expect that Exelon Corporation will post $2.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a $0.3275 dividend. This is a positive change from Exelon Corporation’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, February 13th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.74%. Exelon Corporation’s dividend payout ratio (DPR) is 103.25%.
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Several equities research analysts have issued reports on EXC shares. Goldman Sachs Group, Inc. (The) reduced their price target on shares of Exelon Corporation from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Friday. Credit Suisse Group started coverage on shares of Exelon Corporation in a research note on Wednesday, January 25th. They set an “outperform” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, January 9th. RBC Capital Markets set a $40.00 price objective on shares of Exelon Corporation and gave the stock a “buy” rating in a research note on Wednesday, January 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $39.50 price objective (up previously from $37.00) on shares of Exelon Corporation in a research note on Friday, December 23rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $37.81.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 442,851 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $34.85, for a total value of $15,433,357.35. Following the sale, the chairman now owns 660,500 shares of the company’s stock, valued at approximately $23,018,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mayo A. Shattuck III sold 68,519 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $33.89, for a total value of $2,322,108.91. Following the completion of the sale, the chairman now directly owns 433,938 shares in the company, valued at approximately $14,706,158.82. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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