Sequoia Financial Advisors LLC Trims Stake in Exelon Co. (NASDAQ:EXC)

Sequoia Financial Advisors LLC lessened its holdings in shares of Exelon Co. (NASDAQ:EXCFree Report) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,170 shares of the company’s stock after selling 4,173 shares during the period. Sequoia Financial Advisors LLC’s holdings in Exelon were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EXC. Norges Bank bought a new position in Exelon in the 4th quarter valued at $382,015,000. Wellington Management Group LLP grew its holdings in shares of Exelon by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Exelon by 501.1% in the 3rd 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. Bank of Nova Scotia increased its stake in Exelon by 122.0% in the 4th quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock worth $51,154,000 after buying an additional 783,192 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Exelon by 3,481.3% during the 4th quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock valued at $28,695,000 after buying an additional 776,997 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXC. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Morgan Stanley 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 Monday, June 24th. BMO Capital Markets upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Barclays raised their price target on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company upped their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $38.91.

View Our Latest Research Report on Exelon

Exelon Trading Down 1.2 %

NASDAQ:EXC opened at $34.31 on Friday. The firm has a 50 day moving average of $36.53 and a 200 day moving average of $36.20. 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 52 week low of $33.35 and a 52 week high of $43.53. The stock has a market capitalization of $34.31 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 2.50 and a beta of 0.52.

Exelon (NASDAQ:EXCGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share 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 business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. As a group, sell-side analysts anticipate that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were issued 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 dividend payout ratio (DPR) is currently 65.52%.

About Exelon

(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)

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.