Beck Bode LLC Has $875,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Beck Bode LLC reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 21.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,278 shares of the company’s stock after selling 6,815 shares during the period. Beck Bode LLC’s holdings in Exelon were worth $875,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in shares of Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Norges Bank bought a new stake in shares of Exelon in the 4th quarter worth about $382,015,000. Los Angeles Capital Management LLC increased its position in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares in the last quarter. Finally, Swedbank AB bought a new position in Exelon during the 1st quarter valued at about $96,859,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price objective on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon has an average rating of “Hold” and a consensus target price of $39.82.

Exelon Stock Down 0.6 %

Shares of Exelon stock opened at $40.20 on Wednesday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.82. The business has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $36.99. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market cap of $40.22 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the business posted $0.41 EPS. Research analysts predict that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.