Raymond James Financial Services Advisors Inc. Sells 6,748 Shares of Exelon Co. (NASDAQ:EXC)

Raymond James Financial Services Advisors Inc. cut its stake in Exelon Co. (NASDAQ:EXC – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,484 shares of the company’s stock after selling 6,748 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Exelon were worth $7,413,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXC. Price T Rowe Associates Inc. MD boosted its holdings in Exelon by 487.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 11,930,788 shares of the company’s stock valued at $446,929,000 after purchasing an additional 9,899,186 shares during the period. Vanguard Group Inc. boosted its holdings in Exelon by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 90,274,402 shares of the company’s stock valued at $3,381,678,000 after purchasing an additional 2,279,491 shares during the period. Bank of Montreal Can boosted its holdings in Exelon by 88.0% in the 3rd quarter. Bank of Montreal Can now owns 4,276,029 shares of the company’s stock valued at $163,231,000 after purchasing an additional 2,002,148 shares during the period. Pictet Asset Management SA lifted its holdings in shares of Exelon by 28.7% during the 3rd quarter. Pictet Asset Management SA now owns 6,860,069 shares of the company’s stock worth $256,979,000 after acquiring an additional 1,531,782 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Exelon by 1.6% during the 3rd quarter. BlackRock Inc. now owns 78,192,869 shares of the company’s stock worth $2,929,105,000 after acquiring an additional 1,256,214 shares during the period. 80.60% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Carim V. Khouzami sold 6,000 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $41.65, for a total transaction of $249,900.00. Following the sale, the chief executive officer now directly owns 4,498 shares of the company’s stock, valued at $187,341.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Exelon from $46.00 to $45.00 in a report on Tuesday. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Credit Suisse Group raised their price objective on shares of Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. BMO Capital Markets reduced their price objective on shares of Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Finally, Morgan Stanley raised their price objective on shares of Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.40.

Exelon Trading Down 3.4 %

Shares of EXC stock opened at $39.37 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $39.16 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.66 and a beta of 0.62. Exelon Co. has a 12-month low of $35.19 and a 12-month high of $49.86. The firm has a 50-day moving average price of $42.66 and a 200 day moving average price of $41.76.

Exelon (NASDAQ:EXC – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Exelon had a net margin of 11.61% and a return on equity of 9.41%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. Exelon’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Exelon Co. will post 2.35 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Monday, May 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, May 12th. This represents a $1.44 annualized dividend and a dividend yield of 3.66%. Exelon’s dividend payout ratio (DPR) is currently 64.00%.

About Exelon

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).