Exelon Co. (NASDAQ:EXC) Stock Position Lowered by LSV Asset Management

LSV Asset Management trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 57.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,400 shares of the company’s stock after selling 40,700 shares during the period. LSV Asset Management’s holdings in Exelon were worth $1,091,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Antonetti Capital Management LLC grew its stake in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Addison Advisors LLC lifted its position in Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Exelon during the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Exelon during the 4th quarter valued at $34,000. Finally, Peoples Bank KS acquired a new position in shares of Exelon in the third quarter worth $38,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Bank of America lowered their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. BMO Capital Markets lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.83.

Exelon Stock Performance

NASDAQ EXC opened at $38.33 on Friday. The company’s fifty day moving average is $37.06 and its two-hundred day moving average is $36.97. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market capitalization of $38.33 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Equities research analysts forecast that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio is 65.52%.

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.