Advanced Asset Management Advisors Inc Cuts Position in Exelon Co. (NASDAQ:EXC)

Advanced Asset Management Advisors Inc cut its holdings in Exelon Co. (NASDAQ:EXC) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,317 shares of the company’s stock after selling 425 shares during the quarter. Advanced Asset Management Advisors Inc’s holdings in Exelon were worth $1,124,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Stevens Capital Management LP purchased a new position in Exelon in the 4th quarter valued at about $918,000. Bailard Inc. raised its stake in Exelon by 93.0% in the 4th quarter. Bailard Inc. now owns 19,749 shares of the company’s stock valued at $709,000 after purchasing an additional 9,515 shares during the last quarter. Community Bank N.A. lifted its holdings in Exelon by 4.3% in the 4th quarter. Community Bank N.A. now owns 30,516 shares of the company’s stock valued at $1,095,000 after purchasing an additional 1,260 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Exelon by 5.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,058 shares of the company’s stock worth $1,402,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Carret Asset Management LLC grew its holdings in shares of Exelon by 9.9% during the fourth quarter. Carret Asset Management LLC now owns 7,204 shares of the company’s stock worth $259,000 after buying an additional 650 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Scotiabank dropped their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday. Wells Fargo & Company cut their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Finally, Mizuho raised Exelon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus target price of $38.92.

Exelon Trading Down 0.3 %

Shares of NASDAQ:EXC traded down $0.11 during mid-day trading on Thursday, reaching $37.66. 3,958,211 shares of the company were exchanged, compared to its average volume of 6,607,048. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.54. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. The firm’s 50-day simple moving average is $36.69 and its 200 day simple moving average is $37.11. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. Equities research analysts forecast that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.38 per share. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s dividend payout ratio is presently 65.24%.

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.