Westover Capital Advisors LLC Reduces Stake in Exelon Co. (NASDAQ:EXC)

Westover Capital Advisors LLC cut its holdings in shares of Exelon Co. (NASDAQ:EXC) by 6.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,075 shares of the company’s stock after selling 644 shares during the quarter. Westover Capital Advisors LLC’s holdings in Exelon were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC lifted its position in shares of Exelon by 71.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 36,775 shares of the company’s stock worth $1,320,000 after purchasing an additional 15,356 shares during the period. First Trust Direct Indexing L.P. grew its holdings in shares of Exelon by 66.7% during the 4th quarter. First Trust Direct Indexing L.P. now owns 27,242 shares of the company’s stock worth $978,000 after acquiring an additional 10,902 shares during the period. New York Life Investment Management LLC raised its position in shares of Exelon by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 161,488 shares of the company’s stock worth $5,797,000 after acquiring an additional 558 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock valued at $129,000 after purchasing an additional 382 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its stake in Exelon by 2.7% in the fourth quarter. WealthTrust Axiom LLC now owns 50,949 shares of the company’s stock worth $1,829,000 after purchasing an additional 1,345 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXC. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Bank of America cut their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Wells Fargo & Company lifted their price objective on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, BMO Capital Markets lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.83.

Exelon Stock Performance

Exelon stock traded down $0.48 during midday trading on Friday, reaching $37.41. 6,774,446 shares of the company traded hands, compared to its average volume of 6,553,027. The business has a 50 day moving average of $36.92 and a two-hundred day moving average of $37.05. The firm has a market capitalization of $37.39 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping 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 company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Exelon’s revenue was up 15.0% compared to the same quarter last year. As a group, research analysts predict that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.24%.

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.