Perigon Wealth Management LLC Sells 341 Shares of Exelon Co. (NASDAQ:EXC)

Perigon Wealth Management LLC trimmed its stake in Exelon Co. (NASDAQ:EXC) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,125 shares of the company’s stock after selling 341 shares during the period. Perigon Wealth Management LLC’s holdings in Exelon were worth $292,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Exelon by 85.7% during the 4th quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after acquiring an additional 88,614 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Exelon by 24.4% during the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after acquiring an additional 91,088 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Exelon by 12.2% during the 3rd quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock worth $380,538,000 after acquiring an additional 1,092,736 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Exelon during the 3rd quarter worth approximately $1,418,000. Finally, Bank of Nova Scotia lifted its stake in shares of Exelon by 299.5% during the 3rd quarter. Bank of Nova Scotia now owns 641,757 shares of the company’s stock worth $24,252,000 after acquiring an additional 481,127 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 1.4 %

Shares of NASDAQ:EXC opened at $35.75 on Wednesday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The business’s fifty day simple moving average is $36.25 and its 200-day simple moving average is $37.11. The company has a market capitalization of $35.73 billion, a PE ratio of 15.34, a P/E/G ratio of 2.65 and a beta of 0.54. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) 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 business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period last year, the business posted $0.43 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.25%. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s payout ratio is 65.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXC. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Wells Fargo & Company reduced their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. UBS Group downgraded Exelon from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $47.00 to $37.00 in a report on Tuesday, January 2nd. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. 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 MarketBeat.com, Exelon presently has an average 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.