Exelon Co. (NASDAQ:EXC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,044,229 shares of the company’s stock after selling 41,330 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $37,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EXC. Antonetti Capital Management LLC boosted its position in shares of Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Exelon during the 3rd quarter valued at about $31,000. Bruce G. Allen Investments LLC acquired a new position in shares of Exelon during the 4th quarter valued at about $34,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of Exelon by 263.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after acquiring an additional 612 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI cut shares of Exelon from an “outperform” rating to an “in-line” rating in a research report on Friday, December 15th. Royal Bank of Canada lowered their target price on shares of Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 19th. Barclays boosted their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company lowered their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Finally, TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.09.

Exelon Stock Up 0.3 %

Shares of NASDAQ:EXC traded up $0.12 during trading on Friday, hitting $37.34. The company’s stock had a trading volume of 3,894,492 shares, compared to its average volume of 6,903,913. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71. The business has a 50 day moving average price of $35.93 and a two-hundred day moving average price of $37.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The company has a market capitalization of $37.32 billion, a PE ratio of 16.03, a P/E/G ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the business posted $0.43 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts expect that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, March 1st. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is 65.24%.

Exelon 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.