Truist Financial Corp lowered its holdings in Exelon Co. (NASDAQ:EXC – Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,628 shares of the company’s stock after selling 17,397 shares during the period. Truist Financial Corp’s holdings in Exelon were worth $5,598,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. BerganKDV Wealth Management LLC lifted its stake in Exelon by 767.1% in the first quarter. BerganKDV Wealth Management LLC now owns 633 shares of the company’s stock worth $27,000 after acquiring an additional 560 shares during the last quarter. Concord Wealth Partners purchased a new position in Exelon in the fourth quarter worth approximately $29,000. GHP Investment Advisors Inc. lifted its stake in Exelon by 263.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock worth $36,000 after acquiring an additional 612 shares during the last quarter. AllSquare Wealth Management LLC lifted its stake in Exelon by 798.0% in the first quarter. AllSquare Wealth Management LLC now owns 898 shares of the company’s stock worth $38,000 after acquiring an additional 798 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Exelon during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 80.52% of the company’s stock.
Exelon Stock Performance
Shares of EXC opened at $40.51 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.95. The stock has a market capitalization of $40.32 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.71 and a beta of 0.62. The company’s fifty day moving average is $41.06 and its two-hundred day moving average is $41.47. Exelon Co. has a 1 year low of $35.19 and a 1 year high of $47.23.
Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Exelon had a net margin of 10.66% and a return on equity of 9.20%. Exelon’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, sell-side analysts predict that Exelon Co. will post 2.35 earnings per share for the current year.
Exelon Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, August 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.55%. Exelon’s dividend payout ratio (DPR) is presently 67.92%.
Analyst Upgrades and Downgrades
EXC has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of Exelon from $46.00 to $45.00 in a research report on Tuesday, May 16th. StockNews.com downgraded shares of Exelon from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group initiated coverage on shares of Exelon in a research report on Wednesday, June 7th. They set a “sell” rating and a $39.00 price objective for the company. Morgan Stanley restated an “overweight” rating and set a $47.00 price objective on shares of Exelon in a research report on Friday, July 21st. Finally, BMO Capital Markets reduced their price objective on shares of Exelon from $46.00 to $44.00 in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.50.
Check Out Our Latest Stock Report on Exelon
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
See Also
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