Exelon Co. (NASDAQ:EXC) Shares Sold by American International Group Inc.

American International Group Inc. reduced its stake in Exelon Co. (NASDAQ:EXC) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,162 shares of the company’s stock after selling 735 shares during the period. American International Group Inc.’s holdings in Exelon were worth $13,863,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its position in Exelon by 18.7% in the 4th quarter. EP Wealth Advisors LLC now owns 9,244 shares of the company’s stock valued at $332,000 after buying an additional 1,457 shares during the last quarter. Integrated Advisors Network LLC boosted its position in Exelon by 3.9% in the 4th quarter. Integrated Advisors Network LLC now owns 18,580 shares of the company’s stock valued at $667,000 after buying an additional 693 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Exelon by 37.6% in the 4th quarter. V Square Quantitative Management LLC now owns 16,149 shares of the company’s stock valued at $580,000 after buying an additional 4,413 shares during the last quarter. Able Wealth Management LLC purchased a new position in Exelon in the 4th quarter valued at about $61,000. Finally, Quarry LP purchased a new position in Exelon in the 4th quarter valued at about $62,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on EXC. Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley increased their price target on shares of Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. BMO Capital Markets increased their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company increased their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.09.

Exelon Price Performance

NASDAQ:EXC traded up $0.13 during trading hours on Friday, reaching $35.54. 8,863,468 shares of the company’s stock were exchanged, compared to its average volume of 6,195,411. The company has a market capitalization of $35.54 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.52. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The business’s 50-day simple moving average is $37.23 and its two-hundred day simple moving average is $36.57.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. Sell-side analysts expect that Exelon Co. will post 2.43 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio is 65.52%.

Exelon Company 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.