Exelon Co. (NASDAQ:EXC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Exelon Co. (NASDAQ:EXC) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,087 shares of the company’s stock after selling 1,096 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Exelon were worth $1,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXC. RIA Advisory Group LLC purchased a new position in shares of Exelon during the 3rd quarter valued at about $276,000. Natixis Advisors LLC raised its position in Exelon by 34.0% during the third quarter. Natixis Advisors LLC now owns 502,454 shares of the company’s stock valued at $20,375,000 after acquiring an additional 127,493 shares in the last quarter. Empowered Funds LLC lifted its holdings in Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock valued at $689,000 after acquiring an additional 1,367 shares during the period. Empirical Finance LLC boosted its position in Exelon by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 34,193 shares of the company’s stock worth $1,387,000 after purchasing an additional 741 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Exelon by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 310,238 shares of the company’s stock worth $12,580,000 after purchasing an additional 17,135 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 0.1 %

Shares of EXC stock opened at $39.56 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The firm has a market capitalization of $39.75 billion, a P/E ratio of 16.28, a PEG ratio of 2.82 and a beta of 0.54. The stock’s fifty day moving average is $39.59 and its two-hundred day moving average is $37.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.84%. Exelon’s dividend payout ratio is presently 62.55%.

Analyst Upgrades and Downgrades

EXC has been the subject of several analyst reports. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.25.

About Exelon

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.