Steph & Co. Sells 539 Shares of Exelon Co. (NASDAQ:EXC)

Steph & Co. trimmed its stake in Exelon Co. (NASDAQ:EXC) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 16,767 shares of the company’s stock after selling 539 shares during the quarter. Steph & Co.’s holdings in Exelon were worth $631,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of Exelon by 192.7% in the 2nd quarter. Federated Hermes Inc. now owns 16,856 shares of the company’s stock valued at $583,000 after acquiring an additional 11,098 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Exelon by 11.2% during the second quarter. J.W. Cole Advisors Inc. now owns 10,407 shares of the company’s stock worth $360,000 after purchasing an additional 1,050 shares during the period. Dimensional Fund Advisors LP increased its position in Exelon by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after buying an additional 237,950 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Exelon by 37.4% in the second quarter. Citizens Financial Group Inc. RI now owns 16,604 shares of the company’s stock valued at $575,000 after buying an additional 4,517 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Exelon by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company’s stock worth $7,123,000 after acquiring an additional 1,653 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

EXC opened at $38.02 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The firm has a market cap of $38.20 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55. The business’s fifty day moving average is $37.96 and its 200-day moving average is $38.15.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for 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%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Sell-side analysts expect that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank increased their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.38.

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.