Essex Savings Bank Makes New $222,000 Investment in Exelon Co. (NASDAQ:EXC)

Essex Savings Bank bought a new stake in shares of Exelon Co. (NASDAQ:EXCFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,174 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also recently made changes to their positions in EXC. Spirit of America Management Corp NY boosted its holdings in Exelon by 3.4% in the fourth quarter. Spirit of America Management Corp NY now owns 12,300 shares of the company’s stock valued at $442,000 after acquiring an additional 400 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Exelon by 1.1% during the 4th quarter. Fifth Third Bancorp now owns 196,128 shares of the company’s stock valued at $7,041,000 after purchasing an additional 2,053 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its position in shares of Exelon by 9.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 9,661 shares of the company’s stock valued at $347,000 after buying an additional 806 shares during the period. Quent Capital LLC raised its stake in Exelon by 13.4% in the fourth quarter. Quent Capital LLC now owns 5,786 shares of the company’s stock worth $208,000 after buying an additional 682 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Exelon by 16.8% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,219,088 shares of the company’s stock worth $43,765,000 after buying an additional 175,602 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of EXC opened at $37.58 on Wednesday. The firm has a 50 day moving average of $35.77 and a 200 day moving average of $37.31. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.71. The company has a market capitalization of $37.56 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54.

Exelon (NASDAQ:EXCGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts anticipate that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. Exelon’s payout ratio is currently 65.24%.

Wall Street Analyst Weigh In

EXC has been the subject of several research reports. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Guggenheim downgraded Exelon from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $40.00 in a report on Friday, December 15th. Barclays boosted their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group lowered shares of Exelon from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $47.00 to $37.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.09.

View Our Latest Report on EXC

Exelon Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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