Northpointe Capital LLC boosted its holdings in Exelon Co. (NYSE:EXC) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,343 shares of the energy giant’s stock after buying an additional 7,332 shares during the period. Exelon accounts for approximately 1.6% of Northpointe Capital LLC’s holdings, making the stock its 17th largest holding. Northpointe Capital LLC’s holdings in Exelon were worth $5,080,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of EXC. First Bank & Trust acquired a new position in shares of Exelon in the 1st quarter valued at about $25,000. Csenge Advisory Group acquired a new position in shares of Exelon in the 3rd quarter valued at about $26,000. Moody National Bank Trust Division acquired a new position in shares of Exelon in the 4th quarter valued at about $26,000. Braun Bostich & Associates Inc. lifted its stake in shares of Exelon by 51.7% in the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after purchasing an additional 209 shares in the last quarter. Finally, Capital Financial Planning LLC acquired a new position in shares of Exelon in the 4th quarter valued at about $29,000. 80.19% of the stock is currently owned by hedge funds and other institutional investors.
In other Exelon news, EVP Paymon Aliabadi sold 17,500 shares of Exelon stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $47.88, for a total transaction of $837,900.00. Following the sale, the executive vice president now directly owns 67,548 shares in the company, valued at approximately $3,234,198.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Nigro sold 53,800 shares of Exelon stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the sale, the executive vice president now owns 99,574 shares in the company, valued at $4,937,874.66. The disclosure for this sale can be found here. Insiders have sold a total of 88,800 shares of company stock worth $4,352,142 over the last 90 days. 0.27% of the stock is owned by company insiders.
Shares of NYSE:EXC traded down $0.22 during mid-day trading on Wednesday, hitting $48.98. 108,715 shares of the company traded hands, compared to its average volume of 5,433,619. The company has a market cap of $47.72 billion, a P/E ratio of 15.70, a PEG ratio of 3.92 and a beta of 0.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. Exelon Co. has a 52-week low of $38.40 and a 52-week high of $50.85.
Exelon (NYSE:EXC) last announced its earnings results on Friday, February 8th. The energy giant reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Analysts predict that Exelon Co. will post 3.13 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Scotiabank reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Exelon in a research note on Wednesday, February 13th. Goldman Sachs Group lowered Exelon from a “neutral” rating to a “sell” rating and set a $43.00 price objective on the stock. in a research note on Friday, January 4th. Zacks Investment Research raised Exelon from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, January 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Exelon in a research note on Wednesday, January 23rd. Finally, Morgan Stanley lifted their price objective on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Exelon currently has an average rating of “Buy” and an average target price of $47.82.
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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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