CRA Financial Services LLC Sells 612 Shares of Exelon Co. (NASDAQ:EXC)

CRA Financial Services LLC reduced its stake in Exelon Co. (NASDAQ:EXC) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,297 shares of the company’s stock after selling 612 shares during the period. CRA Financial Services LLC’s holdings in Exelon were worth $312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC increased its position in shares of Exelon by 2.9% during the third quarter. LPL Financial LLC now owns 354,837 shares of the company’s stock worth $13,409,000 after acquiring an additional 9,945 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Exelon by 32.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 23,563 shares of the company’s stock worth $890,000 after acquiring an additional 5,782 shares in the last quarter. Synovus Financial Corp increased its position in shares of Exelon by 8.8% during the third quarter. Synovus Financial Corp now owns 16,116 shares of the company’s stock worth $609,000 after acquiring an additional 1,297 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Exelon during the third quarter worth about $4,767,000. Finally, Gotham Asset Management LLC increased its position in shares of Exelon by 93.4% during the third quarter. Gotham Asset Management LLC now owns 91,678 shares of the company’s stock worth $3,465,000 after acquiring an additional 44,280 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.09 during midday trading on Friday, hitting $34.61. The company’s stock had a trading volume of 23,274,021 shares, compared to its average volume of 8,317,518. The stock has a fifty day moving average price of $36.84 and a 200 day moving average price of $36.28. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $34.61 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 2.53 and a beta of 0.52.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. On average, research analysts forecast that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXC shares. Scotiabank decreased their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Morgan Stanley cut their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Barclays boosted their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, BMO Capital Markets boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.91.

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.