Exelon Co. (NASDAQ:EXC) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 11.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,632 shares of the company’s stock after selling 470 shares during the period. Tompkins Financial Corp’s holdings in Exelon were worth $137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. Czech National Bank raised its stake in shares of Exelon by 7.0% in the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after acquiring an additional 14,158 shares during the period. HITE Hedge Asset Management LLC raised its position in Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. raised its position in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares during the period. State Street Corp lifted its stake in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Exelon by 110.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock worth $2,423,000 after buying an additional 31,415 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXC. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank lifted their target price on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.38.

Exelon Stock Performance

Shares of EXC opened at $39.34 on Friday. The company’s 50 day simple moving average is $37.98 and its 200-day simple moving average is $38.15. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The firm has a market cap of $39.53 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the business posted $0.67 earnings per share. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon’s payout ratio is 62.55%.

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.