Cetera Investment Advisers Raises Stake in Exelon Co. (EXC)

Cetera Investment Advisers lifted its stake in shares of Exelon Co. (NYSE:EXC) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 11,237 shares of the energy giant’s stock after acquiring an additional 315 shares during the quarter. Cetera Investment Advisers’ holdings in Exelon were worth $564,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. First Bank & Trust acquired a new position in Exelon during the first quarter worth $25,000. Braun Bostich & Associates Inc. boosted its holdings in Exelon by 51.7% during the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after purchasing an additional 209 shares during the last quarter. Capital Financial Planning LLC acquired a new position in Exelon during the fourth quarter worth $29,000. LFA Lugano Financial Advisors SA acquired a new position in Exelon during the first quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in Exelon during the first quarter worth $34,000. 80.23% of the stock is owned by institutional investors.

Several brokerages recently commented on EXC. Goldman Sachs Group upgraded shares of Exelon from a “sell” rating to a “neutral” rating and increased their target price for the stock from $43.00 to $47.00 in a report on Tuesday, April 9th. Wells Fargo & Co upgraded shares of Exelon from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $57.00 in a report on Tuesday, April 2nd. Scotiabank restated a “buy” rating and set a $50.00 target price on shares of Exelon in a report on Wednesday, February 13th. SunTrust Banks restated a “hold” rating and set a $49.00 target price on shares of Exelon in a report on Tuesday, February 12th. Finally, Morgan Stanley increased their target price on shares of Exelon from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.13.



In other news, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total value of $846,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the completion of the transaction, the executive vice president now directly owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Shares of EXC stock opened at $48.97 on Wednesday. The firm has a market capitalization of $48.37 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 4.21 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. Exelon Co. has a one year low of $39.10 and a one year high of $51.03.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $9.48 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that Exelon Co. will post 3.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Tuesday, May 14th. Exelon’s dividend payout ratio is currently 46.47%.

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Exelon Company Profile

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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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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