Exelon Co. (NASDAQ:EXC) Shares Sold by Platform Technology Partners

Platform Technology Partners lessened its position in Exelon Co. (NASDAQ:EXC) by 30.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,021 shares of the company’s stock after selling 4,915 shares during the period. Platform Technology Partners’ holdings in Exelon were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXC. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Exelon during the first quarter worth $270,000. Cibc World Market Inc. raised its position in shares of Exelon by 21.4% during the first quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock worth $947,000 after purchasing an additional 3,509 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Exelon by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock worth $98,262,000 after purchasing an additional 12,105 shares during the period. Vontobel Holding Ltd. raised its position in shares of Exelon by 8.8% during the first quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after purchasing an additional 376 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Exelon by 77.9% during the first quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock valued at $18,117,000 after buying an additional 166,614 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Exelon Stock Down 0.5 %

Shares of EXC traded down $0.21 during trading hours on Monday, hitting $41.44. 1,381,142 shares of the company were exchanged, compared to its average volume of 6,320,024. The company has a market cap of $41.24 billion, a PE ratio of 19.65, a PEG ratio of 2.82 and a beta of 0.62. The firm’s 50 day moving average is $40.72 and its 200-day moving average is $41.00. Exelon Co. has a 52 week low of $35.19 and a 52 week high of $44.37. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.95.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Exelon had a return on equity of 9.20% and a net margin of 10.66%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Exelon Co. will post 2.35 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.44 annualized dividend and a yield of 3.47%. Exelon’s dividend payout ratio (DPR) is 67.92%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Exelon from $50.00 to $46.00 in a report on Wednesday, June 7th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, July 7th. Barclays started coverage on Exelon in a report on Wednesday, August 23rd. They set an “overweight” rating and a $43.00 price target on the stock. Royal Bank of Canada lowered their target price on Exelon from $47.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 6th. Finally, Morgan Stanley lowered their target price on Exelon from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.10.

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.