Savant Capital LLC Sells 25 Shares of Exelon Co. (EXC)
Savant Capital LLC cut its stake in Exelon Co. (NYSE:EXC) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,664 shares of the energy giant’s stock after selling 25 shares during the period. Savant Capital LLC’s holdings in Exelon were worth $815,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Assetmark Inc. raised its stake in shares of Exelon by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Exelon by 21.2% in the fourth quarter. Bessemer Group Inc. now owns 3,030 shares of the energy giant’s stock valued at $108,000 after buying an additional 530 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Exelon by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares in the last quarter. Cable Hill Partners LLC raised its stake in shares of Exelon by 0.8% in the third quarter. Cable Hill Partners LLC now owns 3,215 shares of the energy giant’s stock valued at $103,000 after buying an additional 26 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in shares of Exelon during the fourth quarter valued at $126,000. Institutional investors and hedge funds own 75.83% of the company’s stock.
Exelon Co. (NYSE:EXC) traded down 0.22% during trading on Monday, hitting $36.52. The stock had a trading volume of 187,947 shares. The company has a market cap of $33.82 billion, a PE ratio of 17.38 and a beta of 0.26. The stock has a 50-day moving average price of $35.03 and a 200-day moving average price of $35.16. Exelon Co. has a 52 week low of $29.82 and a 52 week high of $37.70.
Exelon (NYSE:EXC) last posted its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.69 billion. Exelon had a net margin of 3.59% and a return on equity of 9.24%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. Equities analysts predict that Exelon Co. will post $2.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, May 11th. Exelon’s payout ratio is 106.50%.
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Several analysts recently weighed in on EXC shares. Royal Bank of Canada reissued a “buy” rating and issued a $40.00 price objective on shares of Exelon in a report on Friday, March 17th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Wells Fargo & Co lowered Exelon from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 5th. Goldman Sachs Group Inc lowered their price objective on Exelon from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, February 10th. Finally, KeyCorp raised Exelon from a “sector weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a report on Monday, February 13th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Exelon has a consensus rating of “Hold” and an average target price of $38.96.
In other news, Director John W. Rogers, Jr. acquired 3,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $33.57 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director now owns 14,374 shares in the company, valued at approximately $482,535.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.
Exelon Company Profile
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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