Indiana Trust & Investment Management CO lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 6.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,785 shares of the company’s stock after selling 385 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Exelon were worth $253,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Exelon by 6.9% in the 4th quarter. BlackRock Inc. now owns 77,161,858 shares of the company’s stock valued at $3,257,773,000 after purchasing an additional 4,964,983 shares in the last quarter. Norges Bank acquired a new stake in shares of Exelon in the 4th quarter valued at $180,577,000. Morgan Stanley boosted its holdings in shares of Exelon by 52.0% in the 4th quarter. Morgan Stanley now owns 11,770,912 shares of the company’s stock valued at $496,969,000 after purchasing an additional 4,025,239 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Exelon by 141.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,621,018 shares of the company’s stock valued at $152,880,000 after purchasing an additional 2,123,316 shares in the last quarter. Finally, Rare Infrastructure Ltd boosted its holdings in shares of Exelon by 102.3% in the 4th quarter. Rare Infrastructure Ltd now owns 3,151,768 shares of the company’s stock valued at $133,068,000 after purchasing an additional 1,593,993 shares in the last quarter. 76.59% of the stock is currently owned by institutional investors and hedge funds.
Exelon stock traded up $0.16 during trading hours on Thursday, reaching $45.11. 144,406 shares of the company’s stock were exchanged, compared to its average volume of 5,249,315. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.02. The firm’s 50 day simple moving average is $41.95 and its 200 day simple moving average is $42.07. Exelon Co. has a twelve month low of $33.97 and a twelve month high of $46.02. The firm has a market capitalization of $44.06 billion, a PE ratio of 18.50, a PEG ratio of 5.31 and a beta of 0.41.
Exelon (NASDAQ:EXC) last issued its earnings results on Tuesday, February 23rd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.07. The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.30 billion. Exelon had a return on equity of 9.24% and a net margin of 7.15%. During the same period last year, the business posted $0.83 EPS. Analysts anticipate that Exelon Co. will post 3.1 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 8th were paid a $0.3825 dividend. The ex-dividend date of this dividend was Friday, March 5th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.53 annualized dividend and a dividend yield of 3.39%. Exelon’s dividend payout ratio (DPR) is currently 47.52%.
EXC has been the topic of a number of research analyst reports. Bank of America raised Exelon from a “neutral” rating to a “buy” rating in a report on Wednesday, January 6th. TheStreet cut Exelon from a “b” rating to a “c+” rating in a research note on Thursday, March 18th. Argus increased their price target on Exelon from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, December 11th. Morgan Stanley lowered their target price on Exelon from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. Finally, Wells Fargo & Company raised their target price on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and a consensus price target of $45.18.
In other news, CEO Carim V. Khouzami sold 12,239 shares of the firm’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $42.88, for a total value of $524,808.32. Following the completion of the sale, the chief executive officer now directly owns 635 shares in the company, valued at approximately $27,228.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
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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