Burleson & Company LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 987 shares of the company’s stock, valued at approximately $43,000.
Other institutional investors have also modified their holdings of the company. Maryland State Retirement & Pension System grew its position in Exelon by 372.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 74,561 shares of the company’s stock valued at $3,261,000 after purchasing an additional 58,788 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Exelon in the 4th quarter worth approximately $2,545,000. US Bancorp DE grew its stake in shares of Exelon by 10.8% during the 4th quarter. US Bancorp DE now owns 189,712 shares of the company’s stock worth $8,010,000 after acquiring an additional 18,527 shares during the period. BlackRock Inc. increased its holdings in Exelon by 6.9% in the 4th quarter. BlackRock Inc. now owns 77,161,858 shares of the company’s stock worth $3,257,773,000 after acquiring an additional 4,964,983 shares during the last quarter. Finally, National Pension Service raised its stake in Exelon by 3.8% in the 4th quarter. National Pension Service now owns 1,377,190 shares of the company’s stock valued at $58,145,000 after acquiring an additional 50,130 shares during the period. Hedge funds and other institutional investors own 78.90% of the company’s stock.
NASDAQ EXC opened at $46.71 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $45.09. Exelon Co. has a twelve month low of $33.97 and a twelve month high of $46.96. The stock has a market capitalization of $45.64 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 5.19 and a beta of 0.44.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Friday, May 14th were given a $0.3825 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, May 13th. Exelon’s payout ratio is presently 47.52%.
Several equities analysts have recently weighed in on the stock. TheStreet downgraded shares of Exelon from a “b” rating to a “c+” rating in a research note on Thursday, March 18th. Mizuho lowered their target price on shares of Exelon from $39.00 to $38.00 and set an “underperform” rating on the stock in a report on Friday, June 4th. Credit Suisse Group cut their price target on Exelon from $49.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, March 1st. Wells Fargo & Company boosted their price objective on Exelon from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. Finally, Morgan Stanley reduced their target price on Exelon from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and a consensus target price of $46.00.
In related news, CEO Carim V. Khouzami sold 12,239 shares of Exelon stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $42.88, for a total value of $524,808.32. Following the transaction, the chief executive officer now directly owns 635 shares of the company’s stock, valued at $27,228.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Innocenzo sold 16,000 shares of the stock in a transaction on Thursday, May 27th. The shares were sold at an average price of $44.99, for a total transaction of $719,840.00. Following the sale, the chief executive officer now directly owns 56,382 shares of the company’s stock, valued at approximately $2,536,626.18. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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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