Exelon Co. (NASDAQ:EXC) Shares Sold by Iowa State Bank

Iowa State Bank lessened its position in shares of Exelon Co. (NASDAQ:EXCFree Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,818 shares of the company’s stock after selling 1,533 shares during the period. Iowa State Bank’s holdings in Exelon were worth $1,461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXC. HITE Hedge Asset Management LLC increased its holdings in Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after buying an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after acquiring an additional 123,466 shares during the last quarter. Andra AP fonden raised its position in shares of Exelon by 56.4% during the 2nd quarter. Andra AP fonden now owns 138,100 shares of the company’s stock worth $4,780,000 after acquiring an additional 49,800 shares in the last quarter. State Street Corp lifted its stake in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Exelon by 110.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock valued at $2,423,000 after purchasing an additional 31,415 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank raised their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Get Our Latest Stock Report on EXC

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.09 during trading on Monday, reaching $37.96. The company had a trading volume of 1,753,599 shares, compared to its average volume of 3,505,594. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The stock’s fifty day moving average price is $38.14 and its 200 day moving average price is $38.00. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.19. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio is presently 62.55%.

Exelon Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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