Geneos Wealth Management Inc. Sells 542 Shares of Exelon Co. (NASDAQ:EXC)

Geneos Wealth Management Inc. cut its stake in Exelon Co. (NASDAQ:EXC) by 11.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,402 shares of the company’s stock after selling 542 shares during the period. Geneos Wealth Management Inc.’s holdings in Exelon were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Exelon during the first quarter valued at approximately $270,000. Cibc World Market Inc. increased its holdings in Exelon by 21.4% in the 1st quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock valued at $947,000 after buying an additional 3,509 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Exelon by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock valued at $98,262,000 after buying an additional 12,105 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Exelon by 8.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after acquiring an additional 376 shares during the period. Finally, Sei Investments Co. boosted 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 in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXC shares. Morgan Stanley lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $45.00 to $38.00 in a research report on Monday, December 18th. 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. JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Monday, December 18th. Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.09.

Exelon Price Performance

EXC opened at $36.48 on Monday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market capitalization of $36.46 billion, a PE ratio of 15.66, a P/E/G ratio of 2.66 and a beta of 0.54. The company has a fifty day moving average price of $36.16 and a two-hundred day moving average price of $37.13.

Exelon (NASDAQ:EXC) last released its 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 firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company’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. As a group, analysts anticipate that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

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

Exelon Company 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.