Marshall Financial Group LLC Sells 6,305 Shares of Exelon Co. (NASDAQ:EXC)

Marshall Financial Group LLC lowered its holdings in shares of Exelon Co. (NASDAQ:EXC) by 43.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,079 shares of the company’s stock after selling 6,305 shares during the quarter. Marshall Financial Group LLC’s holdings in Exelon were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC boosted its position in Exelon by 3.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 10,634 shares of the company’s stock valued at $431,000 after buying an additional 362 shares during the period. nVerses Capital LLC lifted its position in shares of Exelon by 3.7% in the 3rd quarter. nVerses Capital LLC now owns 22,400 shares of the company’s stock worth $908,000 after purchasing an additional 800 shares during the period. Compton Financial Group LLC purchased a new stake in shares of Exelon in the 3rd quarter worth about $230,000. Beech Hill Advisors Inc. lifted its position in shares of Exelon by 6.5% in the 3rd quarter. Beech Hill Advisors Inc. now owns 25,834 shares of the company’s stock worth $1,048,000 after purchasing an additional 1,569 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC lifted its position in shares of Exelon by 13.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 108,910 shares of the company’s stock worth $4,416,000 after purchasing an additional 13,304 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of several research analyst reports. Barclays raised their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley lifted their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.33.

Exelon Stock Up 0.4 %

NASDAQ:EXC opened at $40.95 on Friday. The firm has a market cap of $40.97 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.89 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The firm has a 50-day simple moving average of $39.17 and a two-hundred day simple moving average of $37.52.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.71%. Exelon’s dividend payout ratio is presently 62.55%.

Exelon Profile

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.