Diversified Trust Co Trims Position in Exelon Co. (NASDAQ:EXC)

Diversified Trust Co trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 40.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,163 shares of the company’s stock after selling 15,354 shares during the quarter. Diversified Trust Co’s holdings in Exelon were worth $834,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EXC. State Street Corp raised its holdings in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Geode Capital Management LLC raised its holdings in Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after purchasing an additional 403,542 shares in the last quarter. FMR LLC raised its holdings in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Exelon by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after buying an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after buying an additional 123,466 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank increased their target price 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. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, UBS Group increased their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

Exelon Stock Up 1.8 %

Shares of NASDAQ EXC opened at $38.19 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The firm’s 50 day moving average price is $38.00 and its 200 day moving average price is $38.04. The firm has a market cap of $38.37 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. 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 (NASDAQ:EXC) last announced its earnings results 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 analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.98%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.