Bleakley Financial Group LLC Sells 1,340 Shares of Exelon Co. (NASDAQ:EXC)

Bleakley Financial Group LLC trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,486 shares of the company’s stock after selling 1,340 shares during the quarter. Bleakley Financial Group LLC’s holdings in Exelon were worth $376,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Antonetti Capital Management LLC lifted its position in shares of Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Addison Advisors LLC lifted its position in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares during the period. Fortis Group Advisors LLC bought a new stake in shares of Exelon during the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of Exelon during the 4th quarter valued at $34,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Exelon by 263.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after acquiring an additional 612 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EXC shares. Bank of America cut their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. UBS Group downgraded Exelon from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company dropped their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.09.

Exelon Price Performance

Shares of EXC opened at $36.48 on Monday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The business has a 50-day simple moving average of $36.16 and a two-hundred day simple moving average of $37.13. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $36.46 billion, a PE ratio of 15.66, a PEG ratio of 2.66 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts anticipate that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. Exelon’s dividend payout ratio is presently 65.24%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.