Cbre Clarion Securities LLC Raises Stake in Exelon Co. (NASDAQ:EXC)

Cbre Clarion Securities LLC lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 37.6% in the first quarter, Holdings Channel reports. The firm owned 677,003 shares of the company’s stock after purchasing an additional 184,972 shares during the period. Cbre Clarion Securities LLC’s holdings in Exelon were worth $29,612,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in Exelon in the 1st quarter worth approximately $25,000. Private Capital Group LLC boosted its holdings in Exelon by 71.1% in the 1st quarter. Private Capital Group LLC now owns 575 shares of the company’s stock worth $25,000 after acquiring an additional 239 shares during the period. Princeton Global Asset Management LLC boosted its holdings in Exelon by 294.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 587 shares of the company’s stock worth $25,000 after acquiring an additional 438 shares during the period. Albion Financial Group UT purchased a new position in Exelon in the 4th quarter worth approximately $25,000. Finally, tru Independence LLC purchased a new position in Exelon in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 78.90% of the company’s stock.

In other Exelon news, CEO Carim V. Khouzami sold 12,239 shares of the stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $42.88, for a total value of $524,808.32. Following the sale, the chief executive officer now directly owns 635 shares of the company’s stock, valued at $27,228.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Innocenzo sold 16,000 shares of the stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $44.99, for a total value of $719,840.00. Following the completion of the sale, the chief executive officer now directly owns 56,382 shares in the company, valued at $2,536,626.18. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

A number of research firms have weighed in on EXC. Wells Fargo & Company upped their price target on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 7th. Mizuho cut their target price on Exelon from $39.00 to $38.00 and set an “underperform” rating on the stock in a research report on Friday, June 4th. Morgan Stanley cut their target price on Exelon from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 18th. Credit Suisse Group cut their target price on Exelon from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, March 1st. Finally, TheStreet lowered Exelon from a “b” rating to a “c+” rating in a research report on Thursday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.00.

Shares of EXC stock traded down $0.21 on Friday, hitting $46.50. 92,550 shares of the stock traded hands, compared to its average volume of 5,382,808. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.07. The company has a market cap of $45.44 billion, a P/E ratio of 42.08, a PEG ratio of 5.19 and a beta of 0.44. Exelon Co. has a 1-year low of $33.97 and a 1-year high of $46.96. The stock’s fifty day moving average is $45.09.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.42). The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $8.30 billion. Exelon had a net margin of 3.20% and a return on equity of 6.44%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. On average, analysts predict that Exelon Co. will post 2.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Friday, May 14th were given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, May 13th. Exelon’s dividend payout ratio is presently 47.52%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, 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 (NASDAQ:EXC)

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