Aberdeen Asset Management PLC UK reduced its position in shares of Exelon Corporation (NYSE:EXC) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,621 shares of the energy giant’s stock after selling 11,975 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Exelon Corporation were worth $14,005,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Pitcairn Co. boosted its stake in Exelon Corporation by 4.1% in the fourth quarter. Pitcairn Co. now owns 15,288 shares of the energy giant’s stock worth $542,000 after buying an additional 605 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its stake in Exelon Corporation by 1.7% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 497,064 shares of the energy giant’s stock worth $17,641,000 after buying an additional 8,273 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in Exelon Corporation during the fourth quarter worth approximately $2,060,000. JNBA Financial Advisors boosted its stake in Exelon Corporation by 109.0% in the fourth quarter. JNBA Financial Advisors now owns 4,241 shares of the energy giant’s stock worth $151,000 after buying an additional 2,212 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in Exelon Corporation by 4.3% in the fourth quarter. Wesbanco Bank Inc. now owns 9,807 shares of the energy giant’s stock worth $348,000 after buying an additional 407 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.

Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

Exelon Corporation (NYSE:EXC) opened at 35.42 on Friday. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $37.70. The firm’s 50-day moving average price is $35.45 and its 200-day moving average price is $34.18. The company has a market cap of $32.82 billion, a PE ratio of 29.03 and a beta of 0.26.

Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, February 8th. The energy giant reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.91 billion. Exelon Corporation had a return on equity of 9.24% and a net margin of 3.59%. Exelon Corporation’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts forecast that Exelon Corporation will post $2.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, February 13th. This is a positive change from Exelon Corporation’s previous quarterly dividend of $0.32. Exelon Corporation’s payout ratio is 106.50%.

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A number of analysts recently commented on the stock. KeyCorp upgraded shares of Exelon Corporation from a “sector weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a research report on Monday. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Exelon Corporation from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. Credit Suisse Group assumed coverage on shares of Exelon Corporation in a research report on Wednesday, January 25th. They issued an “outperform” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, January 9th. Finally, RBC Capital Markets set a $40.00 price objective on shares of Exelon Corporation and gave the company a “buy” rating in a research report on Wednesday, January 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $38.04.

In other news, Chairman Mayo A. Shattuck III sold 68,519 shares of Exelon Corporation stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $33.89, for a total transaction of $2,322,108.91. Following the transaction, the chairman now owns 433,938 shares in the company, valued at $14,706,158.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 442,851 shares of Exelon Corporation stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $34.85, for a total transaction of $15,433,357.35. Following the transaction, the chairman now owns 660,500 shares in the company, valued at approximately $23,018,425. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

About Exelon Corporation

Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).

5 Day Chart for NYSE:EXC

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