Pinnacle Associates Ltd. Has $508,000 Stake in Exelon Co. (NASDAQ:EXC)

Pinnacle Associates Ltd. lowered its position in Exelon Co. (NASDAQ:EXCGet Rating) by 8.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,560 shares of the company’s stock after selling 1,237 shares during the period. Pinnacle Associates Ltd.’s holdings in Exelon were worth $508,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Exelon during the 1st quarter valued at $270,000. Cibc World Market Inc. lifted its position in shares of Exelon by 21.4% during the 1st 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 period. Dimensional Fund Advisors LP lifted its position in shares of Exelon by 0.6% during the 1st 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 period. Vontobel Holding Ltd. lifted its position in shares of Exelon by 8.8% during the 1st 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 period. Finally, Sei Investments Co. lifted its position in shares of Exelon by 77.9% during the 1st 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 period. Institutional investors and hedge funds own 80.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports 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. Credit Suisse Group assumed coverage on shares of Exelon in a research report on Wednesday, October 19th. They set an “outperform” rating and a $39.00 target price on the stock. StockNews.com assumed coverage on shares of Exelon in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Seaport Res Ptn restated a “buy” rating on shares of Exelon in a report on Monday, October 24th. Finally, Guggenheim lowered their price objective on shares of Exelon from $49.00 to $40.00 in a report on Monday, October 24th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $45.53.

Exelon Stock Performance

NASDAQ EXC opened at $43.38 on Tuesday. Exelon Co. has a 1 year low of $35.19 and a 1 year high of $50.71. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.61 and a beta of 0.60. The company has a fifty day moving average price of $41.50 and a 200-day moving average price of $41.36.

Exelon (NASDAQ:EXCGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.69 billion. Exelon had a net margin of 8.85% and a return on equity of 10.12%. The firm’s revenue for the quarter was down 45.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities research analysts predict that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were given a dividend of $0.3375 per share. The ex-dividend date was Monday, November 14th. This represents a $1.35 annualized dividend and a yield of 3.11%. Exelon’s payout ratio is currently 62.50%.

Exelon Company Profile

(Get Rating)

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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