Jefferies Financial Group Inc. Sells 59,554 Shares of Exelon Corporation $EXC

Jefferies Financial Group Inc. lessened its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 66.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,400 shares of the company’s stock after selling 59,554 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Exelon were worth $1,188,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Axiom Investment Management LLC acquired a new position in shares of Exelon in the first quarter valued at approximately $27,000. Eastern Bank purchased a new position in Exelon in the 2nd quarter valued at approximately $26,000. Elevation Wealth Partners LLC grew its stake in shares of Exelon by 440.0% in the second quarter. Elevation Wealth Partners LLC now owns 594 shares of the company’s stock worth $28,000 after acquiring an additional 484 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Exelon during the second quarter worth $29,000. Finally, Provenance Wealth Advisors LLC increased its position in shares of Exelon by 1,229.4% during the third quarter. Provenance Wealth Advisors LLC now owns 678 shares of the company’s stock worth $27,000 after acquiring an additional 627 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the topic of several analyst reports. HSBC assumed coverage on Exelon in a research note on Thursday, October 22nd. They issued a “hold” rating and a $44.00 price objective on the stock. Scotiabank cut their price target on Exelon from $47.00 to $44.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 30th. Barclays reduced their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Truist Financial decreased their price objective on Exelon from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, October 16th. Finally, The Goldman Sachs Group lowered their price objective on Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Exelon has an average rating of “Hold” and a consensus price target of $48.33.

Exelon Stock Up 1.4%

Shares of EXC traded up $0.62 during mid-day trading on Friday, reaching $46.25. The company’s stock had a trading volume of 6,433,400 shares, compared to its average volume of 8,510,895. Exelon Corporation has a 12-month low of $39.73 and a 12-month high of $50.65. The stock has a market cap of $47.86 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.49 and a beta of 0.24. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.03 and a quick ratio of 0.93. The company’s 50 day moving average is $43.22 and its 200 day moving average is $45.65.

Exelon (NASDAQ:EXC) last posted its earnings results on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. Equities analysts anticipate that Exelon Corporation will post 2.87 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Exelon’s dividend payout ratio (DPR) is presently 65.37%.

Exelon Company Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services. The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.