Plimoth Trust Co. LLC Has $479,000 Stock Position in Exelon Co. (NASDAQ:EXC)

Plimoth Trust Co. LLC decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,830 shares of the company’s stock after selling 295 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Exelon were worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after purchasing an additional 23,270 shares during the period. Vanguard Group Inc. increased its holdings in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. National Bank of Canada FI raised its holdings in Exelon by 33.9% in the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares during the period. Clearbridge Investments LLC boosted its stake in Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after purchasing an additional 156,201 shares during the period. Finally, Czech National Bank boosted its position in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares during the period. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Barclays increased their price target on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. BMO Capital Markets lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $39.55.

Exelon Stock Up 0.0 %

NASDAQ EXC traded up $0.01 on Thursday, hitting $37.88. The stock had a trading volume of 5,727,974 shares, compared to its average volume of 6,810,510. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $42.15. The business’s fifty day moving average price is $36.12 and its 200 day moving average price is $36.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the prior year, the company earned $0.41 EPS. Equities research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. 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.