Raymond James Financial Services Advisors Inc. decreased its position in Exelon Co. (NASDAQ:EXC – Get Rating) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,232 shares of the company’s stock after selling 2,578 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Exelon were worth $6,677,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Clarius Group LLC raised its position in shares of Exelon by 18.5% in the third quarter. Clarius Group LLC now owns 8,012 shares of the company’s stock valued at $300,000 after purchasing an additional 1,252 shares during the period. Xponance Inc. raised its position in shares of Exelon by 23.6% in the third quarter. Xponance Inc. now owns 100,020 shares of the company’s stock valued at $3,747,000 after purchasing an additional 19,130 shares during the period. State of Michigan Retirement System raised its position in shares of Exelon by 1.5% in the third quarter. State of Michigan Retirement System now owns 268,403 shares of the company’s stock valued at $10,054,000 after purchasing an additional 3,900 shares during the period. Platform Technology Partners raised its position in shares of Exelon by 6.8% in the third quarter. Platform Technology Partners now owns 15,626 shares of the company’s stock valued at $585,000 after purchasing an additional 1,000 shares during the period. Finally, Stratos Wealth Advisors LLC raised its position in shares of Exelon by 23.6% in the third quarter. Stratos Wealth Advisors LLC now owns 7,457 shares of the company’s stock valued at $279,000 after purchasing an additional 1,423 shares during the period. Institutional investors own 80.60% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. StockNews.com started coverage on shares of Exelon in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company boosted their target price on shares of Exelon to $47.00 in a research report on Wednesday, December 14th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Exelon in a research report on Monday, October 24th. BMO Capital Markets dropped their target price on shares of Exelon from $51.00 to $41.00 in a research report on Tuesday, October 18th. Finally, Mizuho dropped their target price on shares of Exelon from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and a consensus price target of $45.53.
Exelon Stock Performance
Exelon (NASDAQ:EXC – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Exelon had a net margin of 8.85% and a return on equity of 10.12%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 45.6% compared to the same quarter last year. On average, analysts forecast that Exelon Co. will post 2.27 EPS for the current year.
Exelon Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a $0.3375 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.35 annualized dividend and a dividend yield of 3.06%. Exelon’s dividend payout ratio is presently 62.50%.
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.
- Get a free copy of the StockNews.com research report on Exelon (EXC)
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