Logan Capital Management Inc. Sells 570 Shares of Exelon Co. (NASDAQ:EXC)

Logan Capital Management Inc. cut its stake in Exelon Co. (NASDAQ:EXCFree Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,170 shares of the company’s stock after selling 570 shares during the quarter. Logan Capital Management Inc.’s holdings in Exelon were worth $42,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. grew its position in Exelon by 6.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after buying an additional 347 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Exelon by 1.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock worth $917,000 after buying an additional 360 shares in the last quarter. UNIVEST FINANCIAL Corp grew its position in Exelon by 5.3% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock worth $265,000 after buying an additional 374 shares in the last quarter. Hexagon Capital Partners LLC grew its position in Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after buying an additional 382 shares in the last quarter. Finally, Steph & Co. grew its position in Exelon by 2.0% during the fourth quarter. Steph & Co. now owns 19,831 shares of the company’s stock worth $712,000 after buying an additional 397 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC opened at $36.21 on Tuesday. The business’s fifty day simple moving average is $37.38 and its two-hundred day simple moving average is $36.66. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. 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 $36.21 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.64 and a beta of 0.52.

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

Exelon Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXC. Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. BMO Capital Markets upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Scotiabank lowered their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, Morgan Stanley boosted their target price on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $39.09.

Read Our Latest Stock Report on Exelon

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.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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