Truist Financial Corp Has $5.39 Million Stake in Exelon Co. (NASDAQ:EXC)

Truist Financial Corp trimmed its stake in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,981 shares of the company’s stock after selling 1,631 shares during the period. Truist Financial Corp’s holdings in Exelon were worth $5,394,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC bought a new position in Exelon in the first quarter valued at approximately $270,000. Cibc World Market Inc. boosted its stake in Exelon by 21.4% in the first quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock valued at $947,000 after acquiring an additional 3,509 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Exelon by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock valued at $98,262,000 after acquiring an additional 12,105 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Exelon by 8.8% in the first quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock valued at $219,000 after acquiring an additional 376 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Exelon by 77.9% in the first quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock valued at $18,117,000 after acquiring an additional 166,614 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Up 1.0 %

Shares of NASDAQ:EXC opened at $44.14 on Thursday. Exelon Co. has a 12 month low of $35.19 and a 12 month high of $50.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $41.42. The firm has a market cap of $43.86 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.63 and a beta of 0.60.

Exelon (NASDAQ:EXC – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share (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 firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the business earned $1.09 EPS. The company’s revenue was down 45.6% compared to the same quarter last year. As a group, research analysts forecast that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders 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 yield of 3.06%. Exelon’s payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Exelon from $51.00 to $41.00 in a research note on Tuesday, October 18th. StockNews.com started coverage on shares of Exelon in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Guggenheim reduced their price target on shares of Exelon from $49.00 to $40.00 in a research report on Monday, October 24th. Morgan Stanley lifted their price target on shares of Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Finally, Wells Fargo & Company lifted their price target on shares of Exelon to $47.00 in a research report on Wednesday, December 14th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.53.

Exelon Company 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.