Exelon Co. (NASDAQ:EXC) Stake Lessened by Ossiam

Ossiam trimmed its position in Exelon Co. (NASDAQ:EXCFree Report) by 40.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,630 shares of the company’s stock after selling 44,558 shares during the period. Ossiam’s holdings in Exelon were worth $2,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Exelon during the 4th quarter worth $382,015,000. DekaBank Deutsche Girozentrale lifted its stake in Exelon by 507.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock valued at $119,505,000 after buying an additional 2,641,756 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Exelon by 501.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after buying an additional 1,909,731 shares during the period. Invesco Ltd. increased its position in shares of Exelon by 12.2% in the third 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 in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Exelon by 112.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,910,912 shares of the company’s stock valued at $72,213,000 after acquiring an additional 1,011,224 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXC shares. Morgan Stanley lifted their price target on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Barclays increased their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Scotiabank lowered their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Eleven analysts have rated the stock with a hold rating and three have issued 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.

Check Out Our Latest Research Report on Exelon

Exelon Trading Down 1.0 %

Shares of EXC stock opened at $36.17 on Monday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53. The company has a market cap of $36.17 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $37.40 and its two-hundred day moving average is $36.67.

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

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.20%. Exelon’s payout ratio is presently 65.52%.

Exelon 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.

Further Reading

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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