Van ECK Associates Corp Sells 3,289 Shares of Exelon Co. (NASDAQ:EXC)

Van ECK Associates Corp reduced its stake in Exelon Co. (NASDAQ:EXCFree Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,044 shares of the company’s stock after selling 3,289 shares during the period. Van ECK Associates Corp’s holdings in Exelon were worth $8,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in EXC. Heritage Wealth Advisors raised its position in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Exelon during the first quarter worth $26,000. Fortis Group Advisors LLC acquired a new position in shares of Exelon during the third quarter worth $31,000. Bruce G. Allen Investments LLC acquired a new position in shares of Exelon during the fourth quarter worth $34,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Exelon during the fourth quarter worth $39,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Wells Fargo & Company upped their price target on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Scotiabank reduced 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 note on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.91.

Get Our Latest Stock Analysis on EXC

Exelon Stock Down 1.2 %

Shares of NASDAQ:EXC opened at $34.31 on Friday. The stock has a market cap of $34.31 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 2.53 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. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.53. The business’s 50 day moving average is $36.53 and its 200 day moving average is $36.20.

Exelon (NASDAQ:EXCGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. On average, sell-side analysts forecast that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.43%. Exelon’s payout ratio is 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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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