Ecofin Ltd. Takes Position in Exelon Co. (EXC)
Ecofin Ltd. purchased a new stake in shares of Exelon Co. (NYSE:EXC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 95,995 shares of the energy giant’s stock, valued at approximately $3,783,000. Exelon accounts for approximately 0.8% of Ecofin Ltd.’s holdings, making the stock its 24th largest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia Trust Co. bought a new position in Exelon during the 3rd quarter valued at $102,000. NuWave Investment Management LLC bought a new position in Exelon during the 4th quarter valued at $105,000. Baker Ellis Asset Management LLC bought a new position in Exelon during the 4th quarter valued at $118,000. Cerebellum GP LLC bought a new position in Exelon during the 4th quarter valued at $122,000. Finally, MPS Loria Financial Planners LLC bought a new position in Exelon during the 2nd quarter valued at $167,000. 78.01% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on EXC. Morgan Stanley decreased their price target on Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Thursday. UBS Group assumed coverage on Exelon in a research note on Friday, February 2nd. They set a “buy” rating and a $44.00 price target for the company. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Mizuho raised Exelon from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, January 23rd. Finally, SunTrust Banks set a $42.00 price objective on Exelon and gave the stock a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.03.
Shares of Exelon Co. (NYSE:EXC) opened at $36.86 on Monday. The firm has a market capitalization of $35,570.98, a price-to-earnings ratio of 9.33, a PEG ratio of 2.58 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.94 and a current ratio of 1.10. Exelon Co. has a one year low of $33.30 and a one year high of $42.67.
Exelon (NYSE:EXC) last released its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $7.66 billion. Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. research analysts anticipate that Exelon Co. will post 3.06 earnings per share for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Exelon’s previous quarterly dividend of $0.33. Exelon’s dividend payout ratio is presently 33.16%.
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Exelon Company Profile
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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