Golub Group LLC grew its position in shares of Exelon Co. (NYSE:EXC) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 66,432 shares of the energy giant’s stock after buying an additional 3,554 shares during the period. Golub Group LLC’s holdings in Exelon were worth $3,209,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kempen Capital Management N.V. bought a new stake in shares of Exelon during the second quarter valued at approximately $27,000. Atwater Malick LLC bought a new stake in shares of Exelon during the third quarter valued at approximately $27,000. Asset Dedication LLC increased its holdings in shares of Exelon by 117.6% during the third quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Exelon during the second quarter worth $29,000. Finally, Manchester Financial Inc. bought a new stake in Exelon during the second quarter worth $30,000. Hedge funds and other institutional investors own 78.99% of the company’s stock.
Exelon stock traded up $0.01 during trading on Friday, hitting $44.71. 4,067,646 shares of the company were exchanged, compared to its average volume of 5,601,188. The business’s 50 day moving average is $46.74 and its 200 day moving average is $47.74. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. Exelon Co. has a 52 week low of $43.10 and a 52 week high of $51.18. The company has a market capitalization of $43.55 billion, a P/E ratio of 14.33, a PEG ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.03. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. Equities analysts expect that Exelon Co. will post 3.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.3625 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.45 annualized dividend and a yield of 3.24%. Exelon’s dividend payout ratio is currently 46.47%.
Several equities research analysts recently issued reports on the company. Mizuho decreased their price target on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Morgan Stanley upgraded Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Wolfe Research set a $55.00 price target on Exelon and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays reiterated a “buy” rating and set a $54.00 price target on shares of Exelon in a report on Thursday, September 26th. Finally, Credit Suisse Group decreased their price target on Exelon from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $52.00.
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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