Haverford Trust Co. trimmed its position in shares of Exelon Co. (NYSE:EXC) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,017 shares of the energy giant’s stock after selling 411 shares during the quarter. Haverford Trust Co.’s holdings in Exelon were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.
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Several other large investors have also added to or reduced their stakes in the company. Asset Dedication LLC grew its stake in shares of Exelon by 117.6% during the third quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Atwater Malick LLC purchased a new stake in shares of Exelon during the third quarter worth about $27,000. Kempen Capital Management N.V. purchased a new stake in shares of Exelon during the second quarter worth about $27,000. Quantamental Technologies LLC purchased a new stake in shares of Exelon during the second quarter worth about $29,000. Finally, Manchester Financial Inc. purchased a new stake in Exelon in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.99% of the company’s stock.
A number of equities research analysts recently commented on EXC shares. UBS Group upped their target price on Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wolfe Research set a $55.00 target price on Exelon and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho decreased their price target on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Credit Suisse Group decreased their price target on Exelon from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, Barclays reissued a “buy” rating and issued a $54.00 price target on shares of Exelon in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and an average price target of $52.00.
NYSE EXC traded up $0.39 during mid-day trading on Friday, hitting $45.02. The stock had a trading volume of 4,534,489 shares, compared to its average volume of 5,574,398. The firm’s 50 day moving average is $46.28 and its 200 day moving average is $47.58. Exelon Co. has a twelve month low of $43.10 and a twelve month high of $51.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The stock has a market capitalization of $43.26 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 4.50 and a beta of 0.26.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.03. The company had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.70 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. As a group, equities research analysts expect that Exelon Co. will post 3.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 14th. Exelon’s dividend payout ratio is presently 46.47%.
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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