Fifth Third Wealth Advisors LLC Trims Stock Holdings in Exelon Co. (NASDAQ:EXC)

Fifth Third Wealth Advisors LLC trimmed its position in Exelon Co. (NASDAQ:EXC) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,959 shares of the company’s stock after selling 361 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Exelon were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. boosted its holdings in Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after acquiring an additional 310 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Exelon by 6.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after acquiring an additional 347 shares in the last quarter. Uncommon Cents Investing LLC boosted its holdings in Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock worth $917,000 after acquiring an additional 360 shares in the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in Exelon by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock worth $265,000 after acquiring an additional 374 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Exelon by 11.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after acquiring an additional 382 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on EXC. Barclays boosted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Morgan Stanley lowered their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday. BMO Capital Markets upped their price target on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Scotiabank lowered their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.91.

Exelon Trading Down 0.3 %

Shares of NASDAQ:EXC traded down $0.10 during trading on Thursday, hitting $34.70. The company had a trading volume of 4,186,368 shares, compared to its average volume of 6,895,630. The stock has a market cap of $34.70 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The company has a fifty day simple moving average of $36.89 and a two-hundred day simple moving average of $36.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, equities analysts forecast that Exelon Co. will post 2.42 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s payout ratio is 65.52%.

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.