Central Pacific Bank Trust Division Invests $54,000 in Exelon Co. (NASDAQ:EXC)

Central Pacific Bank Trust Division purchased a new position in shares of Exelon Co. (NASDAQ:EXCFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,439 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also made changes to their positions in the company. Whittier Trust Co. boosted its holdings in Exelon by 34.0% in the first quarter. Whittier Trust Co. now owns 4,175 shares of the company’s stock worth $157,000 after purchasing an additional 1,060 shares during the period. FinTrust Capital Advisors LLC lifted its stake in Exelon by 330.8% in the first quarter. FinTrust Capital Advisors LLC now owns 1,400 shares of the company’s stock valued at $53,000 after buying an additional 1,075 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Exelon by 4.8% in the first quarter. Daiwa Securities Group Inc. now owns 177,448 shares of the company’s stock valued at $6,667,000 after buying an additional 8,104 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Exelon in the first quarter valued at $159,000. Finally, Tobam raised its stake in shares of Exelon by 71.8% during the first quarter. Tobam now owns 2,469 shares of the company’s stock valued at $93,000 after purchasing an additional 1,032 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 0.8 %

Shares of NASDAQ EXC opened at $34.69 on Thursday. The stock has a market cap of $34.69 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.50 and a beta of 0.52. The business has a 50 day simple moving average of $36.34 and a 200 day simple moving average of $36.19. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. On average, research analysts predict that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were issued a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.38%. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Wells Fargo & Company lifted their price target on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley dropped their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Scotiabank dropped their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Barclays lifted their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $38.91.

View Our Latest Analysis on EXC

Exelon Company Profile

(Free Report)

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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