Stoneridge Investment Partners LLC Reduces Position in Exelon Co. (NASDAQ:EXC)

Stoneridge Investment Partners LLC trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,312 shares of the company’s stock after selling 547 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Exelon were worth $1,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Exelon by 2.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after buying an additional 113,428 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Exelon by 4.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after buying an additional 193,223 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC opened at $37.97 on Tuesday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The stock has a market capitalization of $38.15 billion, a PE ratio of 15.63, a PEG ratio of 2.72 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a 50-day simple moving average of $39.66 and a 200-day simple moving average of $37.74.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EXC shares. Morgan Stanley lifted their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company upped their target price 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. 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. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.33.

About Exelon

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.