Cobblestone Capital Advisors LLC NY purchased a new position in Exelon Co. (NYSE:EXC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,095 shares of the energy giant’s stock, valued at approximately $201,000.
A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Exelon by 9.8% in the 4th quarter. Amalgamated Bank now owns 120,952 shares of the energy giant’s stock worth $4,767,000 after buying an additional 10,746 shares during the period. Assetmark Inc. increased its stake in Exelon by 16.5% in the 4th quarter. Assetmark Inc. now owns 13,019 shares of the energy giant’s stock worth $513,000 after buying an additional 1,845 shares during the period. Mackenzie Financial Corp increased its stake in Exelon by 1,597.4% in the 4th quarter. Mackenzie Financial Corp now owns 91,950 shares of the energy giant’s stock worth $3,624,000 after buying an additional 86,533 shares during the period. Commerce Bank increased its stake in Exelon by 7.9% in the 4th quarter. Commerce Bank now owns 27,156 shares of the energy giant’s stock worth $1,070,000 after buying an additional 1,995 shares during the period. Finally, Cbre Clarion Securities LLC purchased a new position in Exelon in the 4th quarter worth about $1,974,000. 78.42% of the stock is currently owned by institutional investors.
In other news, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the sale, the executive vice president now directly owns 26,435 shares in the company, valued at approximately $1,073,789.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.
Shares of Exelon Co. (NYSE:EXC) opened at $37.04 on Thursday. Exelon Co. has a 1-year low of $33.30 and a 1-year high of $42.67. The firm has a market cap of $35,937.70, a PE ratio of 9.38, a PEG ratio of 2.43 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.10 and a quick ratio of 0.94.
Exelon (NYSE:EXC) last released its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Exelon had a net margin of 11.53% and a return on equity of 8.35%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. sell-side analysts predict that Exelon Co. will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, February 14th. Exelon’s dividend payout ratio (DPR) is currently 34.94%.
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Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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