HighPoint Advisor Group LLC raised its stake in Exelon Co. (NYSE:EXC) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,313 shares of the energy giant’s stock after purchasing an additional 2,212 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Exelon were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC grew its holdings in shares of Exelon by 20.5% in the third quarter. Segall Bryant & Hamill LLC now owns 7,480 shares of the energy giant’s stock valued at $282,000 after acquiring an additional 1,273 shares in the last quarter. ARGI Investment Services LLC grew its holdings in shares of Exelon by 2.9% in the third quarter. ARGI Investment Services LLC now owns 47,458 shares of the energy giant’s stock valued at $1,788,000 after acquiring an additional 1,343 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of Exelon by 13.1% in the fourth quarter. BKD Wealth Advisors LLC now owns 11,694 shares of the energy giant’s stock valued at $461,000 after acquiring an additional 1,354 shares in the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of Exelon by 15.0% in the fourth quarter. Fieldpoint Private Securities LLC now owns 10,425 shares of the energy giant’s stock valued at $411,000 after acquiring an additional 1,360 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its holdings in shares of Exelon by 29.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 6,125 shares of the energy giant’s stock valued at $241,000 after acquiring an additional 1,400 shares in the last quarter. 78.09% of the stock is owned by hedge funds and other institutional investors.
In other Exelon news, CEO Calvin Butler, Jr. sold 25,000 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $37.94, for a total transaction of $948,500.00. Following the completion of the transaction, the chief executive officer now directly owns 19,429 shares of the company’s stock, valued at $737,136.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The firm had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same period last year, the company posted $0.44 earnings per share. Exelon’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts predict that Exelon Co. will post 3.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 3.61%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, February 14th. Exelon’s dividend payout ratio is 34.94%.
Several equities analysts have recently issued reports on EXC shares. Morgan Stanley upped their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Mizuho started coverage on Exelon in a report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price for the company. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, January 24th. UBS started coverage on Exelon in a report on Friday, February 2nd. They issued a “buy” rating and a $44.00 target price for the company. Finally, SunTrust Banks set a $42.00 target price on Exelon and gave the company a “buy” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.91.
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Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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