Exelon Co. (EXC) Shares Bought by Barry Investment Advisors LLC
Barry Investment Advisors LLC raised its position in Exelon Co. (NYSE:EXC) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,671 shares of the energy giant’s stock after buying an additional 377 shares during the period. Barry Investment Advisors LLC’s holdings in Exelon were worth $518,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC raised its stake in Exelon by 75.6% in the fourth quarter. ClariVest Asset Management LLC now owns 9,398 shares of the energy giant’s stock worth $261,000 after buying an additional 4,046 shares in the last quarter. Gradient Investments increased its position in Exelon by 0.8% in the fourth quarter. Gradient Investments now owns 9,953 shares of the energy giant’s stock worth $276,000 after buying an additional 79 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Exelon by 20.7% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 11,317 shares of the energy giant’s stock worth $314,000 after buying an additional 1,940 shares during the last quarter. Security National Trust Co. increased its position in Exelon by 4.2% in the fourth quarter. Security National Trust Co. now owns 12,535 shares of the energy giant’s stock worth $348,000 after buying an additional 500 shares during the last quarter. Finally, Hills Bank & Trust Company purchased a new position in Exelon during the fourth quarter worth about $448,000.
Shares of Exelon Co. (NYSE:EXC) opened at 29.57 on Monday. The firm has a market capitalization of $27.19 billion and a PE ratio of 13.13. Exelon Co. has a 12-month low of $25.09 and a 12-month high of $36.99. The company’s 50-day moving average price is $27.54 and its 200 day moving average price is $29.54.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Friday, October 30th. The energy giant reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Exelon Co. will post $2.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Friday, February 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, February 10th.
A number of research firms recently issued reports on EXC. SunTrust decreased their price objective on Exelon from $34.00 to $32.00 in a report on Monday, November 2nd. Jefferies Group decreased their price objective on Exelon from $39.50 to $34.00 and set a “buy” rating for the company in a report on Monday, November 2nd. BMO Capital Markets decreased their price objective on Exelon from $33.00 to $32.00 and set a “market perform” rating for the company in a report on Monday, November 2nd. Citigroup Inc. upgraded Exelon from a “sell” rating to a “neutral” rating in a report on Wednesday, January 27th. Finally, Scotiabank reiterated a “sector perform” rating and set a $34.00 price objective on shares of Exelon in a report on Tuesday, November 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.97.
Exelon Corporation (NYSE:EXC) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation) six marketing segments, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation, physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.
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