Illinois Municipal Retirement Fund trimmed its position in Exelon Co. (NASDAQ:EXC) by 42.7% during the first quarter, Holdings Channel.com reports. The firm owned 60,297 shares of the company’s stock after selling 44,848 shares during the period. Illinois Municipal Retirement Fund’s holdings in Exelon were worth $2,637,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in EXC. Princeton Global Asset Management LLC lifted its holdings in Exelon by 294.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 587 shares of the company’s stock valued at $25,000 after purchasing an additional 438 shares in the last quarter. Albion Financial Group UT purchased a new position in Exelon in the 4th quarter valued at about $25,000. CVA Family Office LLC purchased a new position in Exelon in the 1st quarter valued at about $25,000. Private Capital Group LLC increased its stake in shares of Exelon by 71.1% during the 1st quarter. Private Capital Group LLC now owns 575 shares of the company’s stock valued at $25,000 after acquiring an additional 239 shares during the last quarter. Finally, tru Independence LLC acquired a new position in shares of Exelon during the 4th quarter valued at about $26,000. Institutional investors own 76.59% of the company’s stock.
EXC has been the subject of a number of research analyst reports. TheStreet downgraded shares of Exelon from a “b” rating to a “c+” rating in a research note on Thursday, March 18th. Credit Suisse Group dropped their target price on shares of Exelon from $49.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, March 1st. Wells Fargo & Company increased their target price on shares of Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 7th. Morgan Stanley increased their price objective on shares of Exelon from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, April 22nd. Finally, Bank of America raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 6th. One investment analyst has rated the stock with a sell rating, two have given 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 $45.55.
Shares of EXC opened at $44.89 on Tuesday. The business’s fifty day moving average price is $44.33 and its 200 day moving average price is $42.41. Exelon Co. has a 12-month low of $33.97 and a 12-month high of $46.37. The stock has a market capitalization of $43.85 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 5.31 and a beta of 0.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.09 and a quick ratio of 0.94.
Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Tuesday, February 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.07. Exelon had a return on equity of 9.24% and a net margin of 7.15%. The firm had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the business posted $0.83 earnings per share. As a group, research analysts anticipate that Exelon Co. will post 3.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Friday, May 14th will be paid a $0.3825 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 13th. Exelon’s payout ratio is 47.52%.
In other Exelon news, CEO Carim V. Khouzami sold 12,239 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $42.88, for a total value of $524,808.32. Following the sale, the chief executive officer now directly owns 635 shares in the company, valued at $27,228.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
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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