Armstrong Advisory Group Inc. Sells 370 Shares of Exelon Co. (NASDAQ:EXC)

Armstrong Advisory Group Inc. lessened its holdings in Exelon Co. (NASDAQ:EXC) by 22.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,275 shares of the company’s stock after selling 370 shares during the period. Armstrong Advisory Group Inc.’s holdings in Exelon were worth $52,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Viking Fund Management LLC increased its position in Exelon by 2.5% during the third quarter. Viking Fund Management LLC now owns 62,000 shares of the company’s stock valued at $2,514,000 after acquiring an additional 1,500 shares during the last quarter. CHICAGO TRUST Co NA bought a new position in Exelon during the third quarter valued at $216,000. Exchange Traded Concepts LLC bought a new position in Exelon during the third quarter valued at $366,000. Gateway Investment Advisers LLC bought a new position in Exelon during the third quarter valued at $202,000. Finally, Valeo Financial Advisors LLC bought a new position in Exelon during the third quarter valued at $230,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $39.93 on Tuesday. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.86 and a beta of 0.53. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average of $38.91 and a 200 day moving average of $37.42.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the firm posted $0.41 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.81%. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXC. Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.08.

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.