Exelon Co. (NYSE:EXC) Shares Sold by IHT Wealth Management LLC
IHT Wealth Management LLC lessened its holdings in shares of Exelon Co. (NYSE:EXC) by 18.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,333 shares of the energy giant’s stock after selling 1,168 shares during the period. IHT Wealth Management LLC’s holdings in Exelon were worth $258,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in EXC. ETRADE Capital Management LLC grew its stake in shares of Exelon by 60.9% in the second quarter. ETRADE Capital Management LLC now owns 15,008 shares of the energy giant’s stock valued at $719,000 after acquiring an additional 5,679 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in Exelon by 4.1% in the 2nd quarter. Hilltop Holdings Inc. now owns 10,890 shares of the energy giant’s stock valued at $522,000 after purchasing an additional 430 shares during the period. United Asset Strategies Inc. grew its position in shares of Exelon by 4.0% during the 3rd quarter. United Asset Strategies Inc. now owns 6,945 shares of the energy giant’s stock worth $336,000 after purchasing an additional 265 shares in the last quarter. Cibc Bank USA grew its position in shares of Exelon by 5.0% during the 2nd quarter. Cibc Bank USA now owns 7,398 shares of the energy giant’s stock worth $354,000 after purchasing an additional 350 shares in the last quarter. Finally, Associated Banc Corp bought a new position in shares of Exelon during the second quarter worth approximately $213,000. Institutional investors own 78.99% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Co set a $54.00 price target on shares of Exelon and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group increased their price target on Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays restated a “buy” rating and set a $54.00 price objective on shares of Exelon in a research note on Thursday, September 26th. Wolfe Research set a $55.00 price objective on Exelon and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho cut their target price on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.00.
Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.70 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. On average, sell-side analysts predict that Exelon Co. will post 3.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.3625 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.28%. Exelon’s payout ratio is presently 46.47%.
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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