Planning Capital Management Corp Reduces Stake in Exelon Co. (NASDAQ:EXC)

Planning Capital Management Corp lowered its holdings in Exelon Co. (NASDAQ:EXC) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,643 shares of the company’s stock after selling 350 shares during the quarter. Planning Capital Management Corp’s holdings in Exelon were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXC. Crewe Advisors LLC bought a new position in Exelon during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Exelon during the 2nd quarter valued at approximately $28,000. American National Bank & Trust increased its position in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares in the last quarter. Finally, Abound Wealth Management increased its position in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.1 %

Shares of Exelon stock opened at $38.14 on Thursday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $38.32 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.72 and a beta of 0.54. The company has a fifty day moving average of $39.67 and a 200 day moving average of $37.78.

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

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a dividend yield of 3.99%. Exelon’s dividend payout ratio is 62.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXC shares. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.