Mutual of America Capital Management LLC Has $4.78 Million Position in Exelon Co. (NASDAQ:EXC)

Mutual of America Capital Management LLC reduced its stake in Exelon Co. (NASDAQ:EXC) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 133,168 shares of the company’s stock after selling 6,062 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Exelon were worth $4,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. U.S. Capital Wealth Advisors LLC acquired a new stake in Exelon in the 1st quarter worth approximately $270,000. Cibc World Market Inc. lifted its holdings in shares of Exelon by 21.4% during the first quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock worth $947,000 after buying an additional 3,509 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Exelon by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock worth $98,262,000 after buying an additional 12,105 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Exelon by 8.8% during the first quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after buying an additional 376 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Exelon by 77.9% during the first quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock worth $18,117,000 after buying an additional 166,614 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $36.27 on Tuesday. The business’s fifty day moving average price is $36.21 and its two-hundred day moving average price is $37.12. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is presently 65.24%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EXC shares. Royal Bank of Canada cut their price target on Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a report on Tuesday, December 19th. Bank of America cut their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Barclays boosted their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Company lowered their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.09.

About Exelon

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.