Exelon Co. (NASDAQ:EXC) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its position in shares of Exelon Co. (NASDAQ:EXC) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,148 shares of the company’s stock after selling 353 shares during the period. Heartland Bank & Trust Co’s holdings in Exelon were worth $371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI grew its holdings in Exelon by 52.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 50,748 shares of the company’s stock worth $2,058,000 after acquiring an additional 17,474 shares in the last quarter. Marietta Wealth Management LLC acquired a new position in Exelon during the 3rd quarter worth approximately $203,000. Aquila Investment Management LLC acquired a new position in Exelon during the 3rd quarter worth approximately $446,000. Private Advisor Group LLC grew its holdings in Exelon by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock worth $2,338,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Segment Wealth Management LLC grew its holdings in Exelon by 6.5% during the 3rd quarter. Segment Wealth Management LLC now owns 6,595 shares of the company’s stock worth $267,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 0.5 %

Shares of NASDAQ EXC opened at $40.74 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The firm has a 50-day moving average price of $39.31 and a 200 day moving average price of $37.57. The stock has a market capitalization of $40.76 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter last year, the business earned $0.41 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $41.33.

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.