Citizens Financial Group Inc. RI Acquires Shares of 12,087 Exelon Co. (NASDAQ:EXC)

Citizens Financial Group Inc. RI bought a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,087 shares of the company’s stock, valued at approximately $434,000.

Other institutional investors also recently bought and sold shares of the company. Antonetti Capital Management LLC lifted its stake in shares of Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in Exelon during the 3rd quarter valued at about $31,000. Bruce G. Allen Investments LLC purchased a new stake in Exelon in the 4th quarter valued at about $34,000. Finally, Peoples Bank KS purchased a new position in shares of Exelon during the third quarter worth approximately $38,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of several research reports. Wells Fargo & Company reduced their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Scotiabank dropped their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Finally, Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.92.

Exelon Trading Down 0.9 %

NASDAQ:EXC opened at $37.32 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The firm has a fifty day simple moving average of $36.74 and a 200-day simple moving average of $37.07. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53. The company has a market capitalization of $37.30 billion, a P/E ratio of 16.02, a PEG ratio of 2.72 and a beta of 0.54.

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

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.38 per share. 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 yield of 4.07%. Exelon’s dividend payout ratio (DPR) is currently 65.24%.

Exelon 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.