Ffcm LLC Grows Holdings in Exelon Co. (EXC)
Ffcm LLC grew its holdings in Exelon Co. (NYSE:EXC) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,054 shares of the energy giant’s stock after purchasing an additional 5,876 shares during the quarter. Ffcm LLC’s holdings in Exelon were worth $1,658,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Exelon during the 3rd quarter worth approximately $102,000. NuWave Investment Management LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $105,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $118,000. Cerebellum GP LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $122,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $167,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Thursday. SunTrust Banks set a $42.00 price target on shares of Exelon and gave the stock a “buy” rating in a report on Monday, February 5th. UBS Group began coverage on shares of Exelon in a report on Friday, February 2nd. They set a “buy” rating and a $44.00 price target for the company. KeyCorp dropped their target price on shares of Exelon from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Finally, Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exelon has an average rating of “Buy” and an average target price of $41.03.
Exelon Co. (NYSE EXC) opened at $36.86 on Monday. The company has a market cap of $35,570.98, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 2.58 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 Co. has a 12 month low of $33.30 and a 12 month high of $42.67.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. sell-side analysts forecast that Exelon Co. will post 3.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.345 per share. This is a boost from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, February 14th. Exelon’s payout ratio is 33.16%.
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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