Capital International Investors Trims Holdings in Exelon Co. (NASDAQ:EXC)

Capital International Investors decreased its holdings in Exelon Co. (NASDAQ:EXCGet Rating) by 47.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,423,334 shares of the company’s stock after selling 28,372,276 shares during the period. Capital International Investors owned about 3.21% of Exelon worth $1,496,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JJJ Advisors Inc. boosted its stake in Exelon by 30.2% during the first quarter. JJJ Advisors Inc. now owns 939 shares of the company’s stock worth $45,000 after buying an additional 218 shares during the last quarter. SVB Wealth LLC boosted its stake in Exelon by 2.9% during the first quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after buying an additional 219 shares during the last quarter. Optimum Investment Advisors boosted its stake in Exelon by 30.9% during the first quarter. Optimum Investment Advisors now owns 945 shares of the company’s stock worth $45,000 after buying an additional 223 shares during the last quarter. Quent Capital LLC boosted its stake in Exelon by 6.1% during the first quarter. Quent Capital LLC now owns 4,032 shares of the company’s stock worth $192,000 after buying an additional 231 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in Exelon by 2.5% during the first quarter. Riverwater Partners LLC now owns 10,051 shares of the company’s stock worth $479,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.35 on Thursday. The stock’s 50-day moving average is $45.31 and its two-hundred day moving average is $45.22. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.91 and a quick ratio of 0.84. Exelon Co. has a 1-year low of $33.93 and a 1-year high of $50.71. The company has a market cap of $43.48 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.57.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Analysts forecast that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were issued a dividend of $0.338 per share. This is an increase from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.35 annualized dividend and a yield of 3.05%. Exelon’s dividend payout ratio is 49.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on EXC. Mizuho boosted their price objective on Exelon from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. KeyCorp reduced their target price on Exelon from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. BMO Capital Markets lifted their target price on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. UBS Group reduced their target price on Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Finally, Argus lifted their target price on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.23.

Exelon Profile

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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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