Cresset Asset Management LLC Sells 72,439 Shares of Exelon Co. (NASDAQ:EXC)

Cresset Asset Management LLC decreased its holdings in Exelon Co. (NASDAQ:EXC) by 90.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,864 shares of the company’s stock after selling 72,439 shares during the period. Cresset Asset Management LLC’s holdings in Exelon were worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after acquiring an additional 7,483,873 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Exelon by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company’s stock valued at $988,080,000 after acquiring an additional 368,505 shares in the last quarter. FMR LLC boosted its holdings in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after acquiring an additional 5,524,103 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Exelon by 25.8% during the 4th quarter. Invesco Ltd. now owns 13,718,745 shares of the company’s stock valued at $516,374,000 after acquiring an additional 2,817,174 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective on the stock. in a report on Wednesday. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.30.

Exelon Stock Up 1.5%

Shares of EXC opened at $44.09 on Friday. The company has a market capitalization of $44.51 billion, a PE ratio of 18.00, a PEG ratio of 2.86 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock’s 50-day moving average price is $45.23 and its two-hundred day moving average price is $41.55. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s dividend payout ratio is 59.48%.

About Exelon

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.