Measured Wealth Private Client Group LLC Acquires 2,461 Shares of Exelon Co. (EXC)
Measured Wealth Private Client Group LLC raised its holdings in shares of Exelon Co. (NYSE:EXC) by 46.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,757 shares of the energy giant’s stock after buying an additional 2,461 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Exelon were worth $389,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. First Bank & Trust acquired a new position in shares of Exelon during the first quarter worth $25,000. Braun Bostich & Associates Inc. increased its stake in shares of Exelon by 51.7% in the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after buying an additional 209 shares during the last quarter. Capital Financial Planning LLC bought a new stake in shares of Exelon in the fourth quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Exelon in the first quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Exelon in the first quarter worth $34,000. 80.23% of the stock is currently owned by hedge funds and other institutional investors.
EXC stock traded up $0.33 during trading on Thursday, hitting $49.10. 107,896 shares of the company’s stock traded hands, compared to its average volume of 5,357,454. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. Exelon Co. has a 52 week low of $39.10 and a 52 week high of $51.03. The firm has a market cap of $48.37 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 4.21 and a beta of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.3625 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.45 annualized dividend and a yield of 2.95%. Exelon’s payout ratio is 46.47%.
In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Nigro sold 53,800 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.
A number of analysts recently issued reports on EXC shares. Scotiabank restated a “buy” rating and issued a $50.00 price target on shares of Exelon in a research note on Wednesday, February 13th. Royal Bank of Canada restated a “buy” rating and issued a $51.00 price target on shares of Exelon in a research note on Wednesday, January 23rd. Morgan Stanley lifted their price target on shares of Exelon from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday. SunTrust Banks restated a “hold” rating and issued a $49.00 price target on shares of Exelon in a research note on Tuesday, February 12th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.97.
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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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