First National Trust Co increased its holdings in shares of Exelon Co. (NYSE:EXC) by 16.2% in the first quarter, HoldingsChannel reports. The firm owned 5,477 shares of the energy giant’s stock after acquiring an additional 764 shares during the period. First National Trust Co’s holdings in Exelon were worth $275,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Braun Bostich & Associates Inc. boosted its stake in shares of Exelon by 51.7% during the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after buying an additional 209 shares during the last quarter. Bank of The West boosted its stake in shares of Exelon by 2.0% during the 1st quarter. Bank of The West now owns 11,953 shares of the energy giant’s stock valued at $599,000 after buying an additional 233 shares during the last quarter. Cigna Investments Inc. New boosted its stake in shares of Exelon by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 28,059 shares of the energy giant’s stock valued at $1,265,000 after buying an additional 252 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Exelon by 27.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,205 shares of the energy giant’s stock valued at $60,000 after buying an additional 262 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Exelon by 2.5% during the 4th quarter. WINTON GROUP Ltd now owns 10,802 shares of the energy giant’s stock valued at $487,000 after buying an additional 268 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.
In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $48.36, for a total value of $846,300.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,800 shares of company stock worth $4,352,142. Corporate insiders own 0.27% of the company’s stock.
EXC stock opened at $50.47 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The company has a market cap of $48.95 billion, a P/E ratio of 16.18, a PEG ratio of 3.22 and a beta of 0.37. Exelon Co. has a 12-month low of $39.10 and a 12-month high of $51.03.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $6.60 billion. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. Sell-side analysts expect that Exelon Co. will post 3.13 earnings per share for the current year.
Several equities analysts have recently commented on EXC shares. Wells Fargo & Co upgraded Exelon from a “market perform” rating to an “outperform” rating and increased their target price for the company from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Goldman Sachs Group cut Exelon from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a research note on Friday, January 4th. SunTrust Banks reiterated a “hold” rating and set a $49.00 target price on shares of Exelon in a research note on Tuesday, February 12th. Royal Bank of Canada reiterated a “buy” rating and set a $51.00 target price on shares of Exelon in a research note on Wednesday, January 23rd. Finally, Morgan Stanley increased their target price on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.82.
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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