Hartford Investment Management Co. Cuts Holdings in Exelon Co. (NASDAQ:EXC)

Hartford Investment Management Co. lowered its holdings in Exelon Co. (NASDAQ:EXC) by 2.2% in the 3rd quarter, Holdings Channel reports. The firm owned 62,460 shares of the company’s stock after selling 1,430 shares during the period. Hartford Investment Management Co.’s holdings in Exelon were worth $2,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in Exelon in the 1st quarter worth about $26,000. American National Bank & Trust boosted its holdings in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Exelon in the first quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new position in Exelon during the second quarter valued at approximately $28,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 0.1 %

EXC opened at $40.71 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market cap of $40.73 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The firm’s fifty day moving average is $39.38 and its 200 day moving average is $37.59.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates 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 company posted $0.41 earnings per share. On average, sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s payout ratio is currently 62.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EXC shares. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Exelon presently has a consensus rating of “Hold” and an average target price of $41.33.

Exelon 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.