VeraBank N.A. Reduces Holdings in Exelon Co. (NASDAQ:EXC)

VeraBank N.A. reduced its position in Exelon Co. (NASDAQ:EXC) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,300 shares of the company’s stock after selling 320 shares during the period. VeraBank N.A.’s holdings in Exelon were worth $349,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EXC. Norges Bank bought a new position in Exelon during the 4th quarter valued at $382,015,000. Wellington Management Group LLP lifted its position in shares of Exelon by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Exelon by 501.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after purchasing an additional 1,909,731 shares in the last quarter. Bank of Nova Scotia increased its holdings in Exelon by 122.0% in the fourth quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock valued at $51,154,000 after buying an additional 783,192 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Exelon by 3,481.3% in the fourth quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock valued at $28,695,000 after buying an additional 776,997 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXC. Wells Fargo & Company raised their price target on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Morgan Stanley decreased their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Barclays raised their target price on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets upped their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.91.

Exelon Trading Up 0.8 %

NASDAQ EXC traded up $0.26 on Wednesday, hitting $34.69. 4,995,344 shares of the stock were exchanged, compared to its average volume of 6,935,753. The company has a market capitalization of $34.69 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.50 and a beta of 0.52. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The company’s 50-day moving average price is $36.34 and its two-hundred day moving average price is $36.19.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. Research analysts predict that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was 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.