Exelon Co. (NASDAQ:EXC) Stock Holdings Lessened by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,991 shares of the company’s stock after selling 669 shares during the period. Transcend Capital Advisors LLC’s holdings in Exelon were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. TD Asset Management Inc grew its holdings in shares of Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after acquiring an additional 23,270 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Exelon by 33.9% during the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Finally, Duality Advisers LP grew its holdings in shares of Exelon by 225.3% during the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after acquiring an additional 84,498 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXC. Wells Fargo & Company boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday. Barclays upped their price objective on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Finally, Scotiabank decreased their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Eleven 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 presently has a consensus rating of “Hold” and a consensus price target of $39.27.

Exelon Stock Performance

Exelon stock traded down $0.87 on Monday, reaching $37.90. 2,861,207 shares of the stock were exchanged, compared to its average volume of 6,842,053. The stock has a market cap of $37.90 billion, a PE ratio of 16.71, a PEG ratio of 2.79 and a beta of 0.52. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The firm has a fifty day moving average price of $35.83 and a two-hundred day moving average price of $36.25.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the business earned $0.41 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

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.