Exelon Co. (NASDAQ:EXC) Stock Position Cut by STF Management LP

STF Management LP trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,412 shares of the company’s stock after selling 1,761 shares during the quarter. STF Management LP’s holdings in Exelon were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EXC. Crewe Advisors LLC bought a new stake in shares of Exelon in the 1st quarter worth $26,000. American National Bank & Trust grew its stake in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the third quarter worth approximately $32,000. Finally, J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter worth approximately $28,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 1.5 %

Shares of NASDAQ:EXC opened at $39.30 on Friday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $39.48 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The firm has a fifty day moving average of $39.67 and a two-hundred day moving average of $37.83.

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

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXC. UBS Group increased their price objective on 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 target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.33.

Exelon Company 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.