Quadrant Capital Group LLC lifted its stake in Exelon Co. (NASDAQ:EXC – Get Rating) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,948 shares of the company’s stock after buying an additional 401 shares during the period. Quadrant Capital Group LLC’s holdings in Exelon were worth $188,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. AIA Group Ltd boosted its position in Exelon by 1,079.6% in the 1st quarter. AIA Group Ltd now owns 62,238 shares of the company’s stock valued at $2,964,000 after buying an additional 56,962 shares during the last quarter. CIBC Asset Management Inc raised its stake in Exelon by 9.3% during the 1st quarter. CIBC Asset Management Inc now owns 216,934 shares of the company’s stock worth $10,333,000 after buying an additional 18,375 shares during the period. Valley National Advisers Inc. raised its stake in Exelon by 1,224.6% during the 1st quarter. Valley National Advisers Inc. now owns 3,338 shares of the company’s stock worth $159,000 after buying an additional 3,086 shares during the period. KBC Group NV raised its stake in Exelon by 5.9% during the 1st quarter. KBC Group NV now owns 187,513 shares of the company’s stock worth $8,931,000 after buying an additional 10,460 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Exelon by 19.7% during the 1st quarter. IFM Investors Pty Ltd now owns 153,536 shares of the company’s stock worth $7,313,000 after buying an additional 25,284 shares during the period. 80.35% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the sale, the chief executive officer now owns 974 shares in the company, valued at $46,255.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Exelon Trading Down 0.6 %
Exelon stock opened at $44.77 on Friday. Exelon Co. has a 52 week low of $33.64 and a 52 week high of $50.71. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a market capitalization of $43.88 billion, a P/E ratio of 16.52, a PEG ratio of 2.79 and a beta of 0.57. The stock has a 50-day simple moving average of $44.83 and a 200 day simple moving average of $46.14.
Exelon (NASDAQ:EXC – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. During the same period in the prior year, the firm posted $0.89 EPS. Analysts expect that Exelon Co. will post 2.27 earnings per share for the current year.
Exelon Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be issued a dividend of $0.338 per share. The ex-dividend date is Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a yield of 3.02%. This is a boost from Exelon’s previous quarterly dividend of $0.34. Exelon’s dividend payout ratio (DPR) is presently 49.82%.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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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