Exelon Corporation (NASDAQ:EXC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Exelon Corporation (NASDAQ:EXC) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 116,877 shares of the company’s stock after selling 3,481 shares during the period. Mutual of America Capital Management LLC’s holdings in Exelon were worth $5,386,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EXC. Ameriflex Group Inc. purchased a new position in Exelon in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Exelon in the first quarter valued at $50,000. Redwood Park Advisors LLC acquired a new stake in shares of Exelon in the fourth quarter valued at $44,000. Mattson Financial Services LLC acquired a new position in Exelon during the 4th quarter worth $52,000. Finally, Colonial Trust Co SC increased its holdings in Exelon by 43.6% during the 4th quarter. Colonial Trust Co SC now owns 1,344 shares of the company’s stock worth $51,000 after purchasing an additional 408 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 1.1%

Shares of NASDAQ EXC opened at $45.54 on Friday. The business has a 50-day moving average price of $43.40 and a 200 day moving average price of $43.73. The stock has a market cap of $45.99 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s payout ratio is currently 60.84%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI raised their price target on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target on Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a report on Wednesday, July 16th. Finally, Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.20.

Exelon Company Profile

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.