Greenleaf Trust Acquires 1,743 Shares of Exelon Co. (NASDAQ:EXC)

Greenleaf Trust lifted its position in Exelon Co. (NASDAQ:EXCGet Rating) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,199 shares of the company’s stock after buying an additional 1,743 shares during the quarter. Greenleaf Trust’s holdings in Exelon were worth $779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC grew its stake in shares of Exelon by 62,900.0% in the second quarter. GoalVest Advisory LLC now owns 630 shares of the company’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Exelon by 195.5% in the first quarter. Princeton Global Asset Management LLC now owns 662 shares of the company’s stock valued at $32,000 after buying an additional 438 shares in the last quarter. Hallmark Capital Management Inc. acquired a new stake in Exelon during the 2nd quarter valued at $32,000. Prentice Wealth Management LLC acquired a new stake in Exelon during the 2nd quarter valued at $36,000. Finally, ACG Wealth acquired a new stake in Exelon during the 2nd quarter valued at $38,000. 82.70% of the stock is owned by institutional investors.

Exelon Stock Up 1.1 %

EXC stock opened at $39.87 on Thursday. The company has a market cap of $39.62 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62. The business has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $41.93. Exelon Co. has a 52 week low of $35.19 and a 52 week high of $50.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.45.

Exelon (NASDAQ:EXCGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.69 billion. Exelon had a return on equity of 10.12% and a net margin of 8.85%. Exelon’s revenue for the quarter was down 45.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Sell-side analysts anticipate that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th will be given a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, November 14th. Exelon’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Mizuho cut their price target on Exelon from $47.00 to $39.00 and set a “buy” rating for the company in a report on Friday, November 4th. StockNews.com assumed coverage on Exelon in a report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley raised their price target on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, November 11th. BMO Capital Markets cut their price target on Exelon from $51.00 to $41.00 in a report on Tuesday, October 18th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Exelon in a report on Monday, October 24th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

About Exelon

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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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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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