Scotia Capital Inc. Cuts Stake in Exelon Co. (NASDAQ:EXC)

Scotia Capital Inc. trimmed its stake in Exelon Co. (NASDAQ:EXCFree Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,331 shares of the company’s stock after selling 455 shares during the quarter. Scotia Capital Inc.’s holdings in Exelon were worth $299,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc increased its position in Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after purchasing an additional 23,270 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Exelon by 85.7% in the fourth 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 in the last quarter. National Bank of Canada FI raised its stake in shares of Exelon by 33.9% in the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares during the period. Duality Advisers LP lifted its holdings in shares of Exelon by 225.3% during the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after acquiring an additional 84,498 shares in the last quarter. Finally, Raymond James & Associates boosted its position in 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 purchasing an additional 91,088 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EXC shares. Scotiabank reduced their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Barclays upped their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Morgan Stanley lifted their price objective on shares of Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Exelon has an average rating of “Hold” and a consensus price target of $39.08.

Check Out Our Latest Analysis on EXC

Exelon Stock Performance

Shares of EXC stock opened at $36.79 on Thursday. The stock has a market capitalization of $36.79 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.72 and a beta of 0.52. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The company’s 50-day simple moving average is $37.45 and its 200-day simple moving average is $36.73. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXCGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Equities analysts anticipate that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.13%. Exelon’s payout ratio is currently 65.52%.

Exelon Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.