Cadence Bank Has $215,000 Holdings in Exelon Co. (NASDAQ:EXC)

Cadence Bank trimmed its position in Exelon Co. (NASDAQ:EXC) by 8.0% in the first quarter, HoldingsChannel.com reports. The firm owned 5,718 shares of the company’s stock after selling 500 shares during the period. Cadence Bank’s holdings in Exelon were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Vanguard Group Inc. boosted its holdings in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Norges Bank bought a new stake in Exelon in the fourth quarter valued at $382,015,000. Wellington Management Group LLP raised its stake in Exelon by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after acquiring an additional 2,352,547 shares in the last quarter. M&G Plc acquired a new stake in shares of Exelon in the 1st quarter valued at $89,266,000. Finally, Bank of Nova Scotia grew its holdings in shares of Exelon by 122.0% in the 4th quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock worth $51,154,000 after purchasing an additional 783,192 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 0.7 %

NASDAQ EXC traded up $0.27 on Friday, reaching $36.75. The company had a trading volume of 4,552,524 shares, compared to its average volume of 6,859,967. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.28. The stock has a market cap of $36.75 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.66 and a beta of 0.52. The stock’s 50 day moving average is $35.87 and its 200-day moving average is $36.19.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm 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%. Equities analysts predict that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXC shares. Wells Fargo & Company increased their price target on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets increased their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley cut their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Scotiabank decreased their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays boosted their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.09.

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.