Exelon Co. (NASDAQ:EXC) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its stake in Exelon Co. (NASDAQ:EXC) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,090 shares of the company’s stock after selling 300 shares during the period. Court Place Advisors LLC’s holdings in Exelon were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Exelon by 5.6% during the first quarter. State Street Corp now owns 62,018,881 shares of the company’s stock worth $2,597,969,000 after buying an additional 3,271,744 shares during the period. Bank of New York Mellon Corp lifted its position in Exelon by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock valued at $1,232,236,000 after purchasing an additional 343,201 shares during the period. Geode Capital Management LLC lifted its position in Exelon by 1.4% in the first quarter. Geode Capital Management LLC now owns 18,515,401 shares of the company’s stock valued at $773,655,000 after purchasing an additional 263,797 shares during the period. Legal & General Group Plc lifted its position in Exelon by 0.6% in the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock valued at $477,837,000 after purchasing an additional 78,316 shares during the period. Finally, Northern Trust Corp lifted its position in Exelon by 3.5% in the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock valued at $440,852,000 after purchasing an additional 395,908 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EXC shares. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. UBS Group cut shares of Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $47.00 to $37.00 in a report on Tuesday, January 2nd. Royal Bank of Canada dropped their target price on shares of Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a report on Tuesday, December 19th. Wells Fargo & Company dropped their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Finally, Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.09.

Exelon Trading Up 1.9 %

NASDAQ EXC traded up $0.67 during mid-day trading on Wednesday, reaching $36.42. 4,716,892 shares of the stock were exchanged, compared to its average volume of 6,734,648. The stock has a market capitalization of $36.40 billion, a PE ratio of 15.34, a PEG ratio of 2.65 and a beta of 0.54. The business’s fifty day simple moving average is $36.25 and its 200 day simple moving average is $37.11. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

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

Exelon Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 annualized dividend and a yield of 4.17%. Exelon’s payout ratio is 65.24%.

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.