Exelon Co. (EXC) Stake Lifted by Bollard Group LLC
Bollard Group LLC increased its stake in Exelon Co. (NYSE:EXC) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,094 shares of the energy giant’s stock after acquiring an additional 237 shares during the period. Bollard Group LLC’s holdings in Exelon were worth $1,659,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc raised its stake in Exelon by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after purchasing an additional 1,309,965 shares during the period. Oppenheimer & Co. Inc. raised its stake in Exelon by 79.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,590 shares of the energy giant’s stock valued at $1,064,000 after purchasing an additional 10,450 shares during the period. Wedbush Securities Inc. increased its stake in Exelon by 10.5% in the 4th quarter. Wedbush Securities Inc. now owns 9,352 shares of the energy giant’s stock worth $422,000 after acquiring an additional 885 shares during the last quarter. Rhumbline Advisers increased its stake in Exelon by 1.4% in the 4th quarter. Rhumbline Advisers now owns 1,749,877 shares of the energy giant’s stock worth $78,919,000 after acquiring an additional 24,957 shares during the last quarter. Finally, Shelton Capital Management increased its stake in Exelon by 9.1% in the 4th quarter. Shelton Capital Management now owns 19,574 shares of the energy giant’s stock worth $883,000 after acquiring an additional 1,640 shares during the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.
A number of research firms have issued reports on EXC. Wells Fargo & Co raised Exelon from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $43.00 to $47.00 in a research note on Tuesday, April 9th. Mizuho lifted their price objective on Exelon from $47.00 to $49.50 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Morgan Stanley lifted their price objective on Exelon from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 16th. Finally, Scotiabank reaffirmed 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 issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.97.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.87. The firm had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, research analysts forecast that Exelon Co. will post 3.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Tuesday, May 14th. Exelon’s dividend payout ratio (DPR) is 46.47%.
In other news, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the transaction, the executive vice president now owns 99,574 shares in the company, valued at approximately $4,937,874.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.
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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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