Belpointe Asset Management LLC Has $141,000 Stake in Exelon Co. (NASDAQ:EXC)

Belpointe Asset Management LLC decreased its position in shares of Exelon Co. (NASDAQ:EXCGet Rating) by 50.9% during the 1st quarter, HoldingsChannel reports. The fund owned 2,983 shares of the company’s stock after selling 3,098 shares during the period. Belpointe Asset Management LLC’s holdings in Exelon were worth $141,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EXC. Landmark Wealth Management LLC acquired a new position in Exelon during the 1st quarter worth about $26,000. Elmwood Wealth Management Inc. acquired a new position in Exelon during the 4th quarter worth about $30,000. Curi Wealth Management LLC acquired a new position in Exelon during the 4th quarter worth about $33,000. Missouri Trust & Investment Co acquired a new position in Exelon during the 4th quarter worth about $36,000. Finally, Riverview Trust Co acquired a new position in Exelon during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 80.35% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several recent research reports. JPMorgan Chase & Co. raised Exelon from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $55.00 in a report on Wednesday, April 20th. KeyCorp dropped their price objective on Exelon from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday. Argus boosted their price objective on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Barclays dropped their price objective on Exelon from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, UBS Group dropped their price objective on Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.54.

Exelon Stock Performance

Shares of Exelon stock opened at $44.02 on Friday. Exelon Co. has a one year low of $32.92 and a one year high of $50.71. The firm has a market capitalization of $43.15 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 3.06 and a beta of 0.59. The business has a 50-day simple moving average of $45.40 and a 200 day simple moving average of $46.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.94 and a quick ratio of 0.88.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $4.64 billion. Exelon had a return on equity of 10.87% and a net margin of 8.15%. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, research analysts anticipate that Exelon Co. will post 2.28 earnings per share for the current fiscal year.

Exelon Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, May 12th. Exelon’s dividend payout ratio is currently 50.94%.

Insiders Place Their Bets

In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the sale, the chief executive officer now directly owns 974 shares of the company’s stock, valued at approximately $46,255.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

About Exelon

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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