Exelon Co. (NASDAQ:EXC) Stake Lifted by Private Trust Co. NA

Private Trust Co. NA boosted its stake in Exelon Co. (NASDAQ:EXC) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,593 shares of the company’s stock after purchasing an additional 390 shares during the period. Private Trust Co. NA’s holdings in Exelon were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EXC. Versant Capital Management Inc lifted its position in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Exelon in the second quarter valued at approximately $28,000. American National Bank & Trust raised its holdings in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management boosted its position in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Exelon during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

EXC opened at $39.51 on Thursday. 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 cap of $39.70 billion, a PE ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54. The business has a fifty day simple moving average of $39.60 and a 200-day simple moving average of $37.86. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, equities analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.85%. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $41.25.

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.