MetLife Investment Management LLC Sells 6,712 Shares of Exelon Co. (NASDAQ:EXC)

MetLife Investment Management LLC decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,032 shares of the company’s stock after selling 6,712 shares during the quarter. MetLife Investment Management LLC’s holdings in Exelon were worth $10,544,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Exelon by 10.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock worth $841,000 after buying an additional 2,075 shares during the period. Tidal Investments LLC raised its position in shares of Exelon by 97.1% during the 1st quarter. Tidal Investments LLC now owns 69,268 shares of the company’s stock valued at $2,602,000 after acquiring an additional 34,132 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Exelon in the 1st quarter valued at $252,000. Cetera Investment Advisers boosted its position in shares of Exelon by 262.5% in the 1st quarter. Cetera Investment Advisers now owns 162,301 shares of the company’s stock worth $6,098,000 after purchasing an additional 117,532 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Exelon by 33.6% during the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock worth $2,146,000 after purchasing an additional 14,366 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised 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. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered 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. UBS Group lifted their price target 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, Jefferies Financial Group began coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Price Performance

NASDAQ EXC opened at $39.51 on Friday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The firm’s 50 day moving average is $39.60 and its 200-day moving average is $37.88. The company has a market capitalization of $39.70 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. Equities research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

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.