Wealthspire Advisors LLC Decreases Position in Exelon Co. (NASDAQ:EXC)

Wealthspire Advisors LLC trimmed its position in Exelon Co. (NASDAQ:EXC) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,574 shares of the company’s stock after selling 1,661 shares during the quarter. Wealthspire Advisors LLC’s holdings in Exelon were worth $703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXC. Pacer Advisors Inc. grew its position in Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after acquiring an additional 88,614 shares during the period. National Bank of Canada FI increased its position in shares of Exelon by 33.9% during the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after purchasing an additional 277,635 shares during the last quarter. Duality Advisers LP raised its holdings in Exelon by 225.3% in the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after buying an additional 84,498 shares during the period. Raymond James & Associates lifted its position in Exelon by 24.4% in the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock valued at $16,660,000 after buying an additional 91,088 shares during the last quarter. Finally, Principle Wealth Partners LLC acquired a new position in Exelon in the fourth quarter valued at about $1,639,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Bank of America cut their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. BMO Capital Markets raised their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Scotiabank dropped their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and an average target price of $38.83.

Exelon Stock Down 0.3 %

NASDAQ:EXC traded down $0.11 during mid-day trading on Friday, hitting $37.84. The stock had a trading volume of 615,127 shares, compared to its average volume of 6,505,574. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.53. The company has a market capitalization of $37.84 billion, a PE ratio of 16.52, a PEG ratio of 2.71 and a beta of 0.53. The stock has a 50-day simple moving average of $37.11 and a two-hundred day simple moving average of $36.97.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. On average, equities research analysts anticipate that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

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.