Centaurus Financial Inc. Purchases New Holdings in Exelon Co. (NYSE:EXC)
Centaurus Financial Inc. bought a new stake in Exelon Co. (NYSE:EXC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,891 shares of the energy giant’s stock, valued at approximately $251,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV purchased a new stake in Exelon in the second quarter valued at $116,000. Private Capital Group LLC boosted its holdings in Exelon by 836.4% in the first quarter. Private Capital Group LLC now owns 3,371 shares of the energy giant’s stock valued at $132,000 after purchasing an additional 3,011 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Exelon by 2,718.1% in the first quarter. Summit Trail Advisors LLC now owns 154,178 shares of the energy giant’s stock valued at $154,000 after purchasing an additional 148,707 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Exelon in the second quarter valued at $160,000. Finally, Credit Agricole S A purchased a new stake in Exelon in the first quarter valued at $195,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Scotiabank reaffirmed a “sector outperform” rating on shares of Exelon in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of Exelon from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Howard Weil began coverage on shares of Exelon in a research note on Tuesday, July 24th. They set a “sector outperform” rating and a $47.00 target price on the stock. Barclays began coverage on shares of Exelon in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $46.00 target price on the stock. Finally, Citigroup lowered shares of Exelon from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Exelon currently has a consensus rating of “Hold” and a consensus target price of $45.50.
Exelon (NYSE:EXC) last issued its quarterly earnings results on Thursday, August 2nd. The energy giant reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.10. The firm had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.39 billion. Exelon had a net margin of 11.25% and a return on equity of 9.48%. Exelon’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. On average, sell-side analysts predict that Exelon Co. will post 3.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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