Exelon Co. (NASDAQ:EXC) Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC grew its stake in shares of Exelon Co. (NASDAQ:EXCGet Rating) by 6.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,594 shares of the company’s stock after acquiring an additional 350 shares during the period. Carret Asset Management LLC’s holdings in Exelon were worth $266,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its position in shares of Exelon by 70.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 443,696 shares of the company’s stock valued at $21,133,000 after acquiring an additional 183,934 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Exelon during the 1st quarter valued at $444,000. Brookstone Capital Management lifted its holdings in shares of Exelon by 6.8% in the first quarter. Brookstone Capital Management now owns 37,221 shares of the company’s stock valued at $1,796,000 after purchasing an additional 2,375 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Exelon by 5.8% in the first quarter. CHICAGO TRUST Co NA now owns 7,389 shares of the company’s stock valued at $352,000 after purchasing an additional 408 shares in the last quarter. Finally, Cooper Financial Group lifted its holdings in shares of Exelon by 81.6% in the first quarter. Cooper Financial Group now owns 6,304 shares of the company’s stock valued at $300,000 after purchasing an additional 2,833 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

Exelon stock opened at $41.69 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.94 and a quick ratio of 0.88. The company has a market capitalization of $40.86 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.95 and a beta of 0.56. Exelon Co. has a one year low of $31.30 and a one year high of $50.71. The company’s fifty day moving average price is $47.08 and its two-hundred day moving average price is $48.55.

Exelon (NASDAQ:EXCGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Exelon had a return on equity of 10.87% and a net margin of 8.15%. During the same quarter last year, the company earned ($0.06) EPS. As a group, sell-side analysts anticipate that Exelon Co. will post 2.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, May 12th. Exelon’s payout ratio is 50.94%.

In other news, SVP Fabian Souza sold 21,400 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $47.61, for a total value of $1,018,854.00. Following the sale, the senior vice president now directly owns 2,337 shares of the company’s stock, valued at $111,264.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Tyler Anthony sold 4,451 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $47.49, for a total value of $211,377.99. Following the completion of the sale, the chief executive officer now directly owns 974 shares in the company, valued at $46,255.26. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

EXC has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Exelon from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. KeyCorp increased their target price on Exelon from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their target price for the company from $43.00 to $46.00 in a report on Friday, March 11th. Argus increased their target price on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Finally, JPMorgan Chase & Co. upgraded Exelon from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $47.00 to $55.00 in a report on Wednesday, April 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.08.

Exelon Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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