Janus Henderson Group PLC Lowers Stock Position in Exelon Co. (NASDAQ:EXC)

Janus Henderson Group PLC reduced its position in Exelon Co. (NASDAQ:EXC) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,225 shares of the company’s stock after selling 15,500 shares during the quarter. Janus Henderson Group PLC’s holdings in Exelon were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in shares of Exelon during the 2nd quarter worth about $28,000. American National Bank & Trust grew its stake in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the period. Abound Wealth Management increased its position in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Exelon in the 3rd quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Exelon during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.1 %

NASDAQ:EXC opened at $37.44 on Tuesday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market cap of $37.62 billion, a PE ratio of 15.41, a P/E/G ratio of 2.70 and a beta of 0.54. The business’s 50 day moving average is $39.38 and its two-hundred day moving average is $37.86.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.06%. Exelon’s dividend payout ratio is currently 62.55%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXC. UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley decreased their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.25.

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.