Trust Co. of Toledo NA OH Sells 1,760 Shares of Exelon Co. (NASDAQ:EXC)

Trust Co. of Toledo NA OH reduced its stake in Exelon Co. (NASDAQ:EXC) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,441 shares of the company’s stock after selling 1,760 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Exelon were worth $1,334,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its position in shares of 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 acquiring an additional 447 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Exelon during the 3rd quarter valued at $32,000. Abound Wealth Management lifted its position in shares of 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 during the last quarter. Versant Capital Management Inc increased its holdings in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Exelon in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC traded up $0.06 on Monday, reaching $37.36. The company had a trading volume of 974,295 shares, compared to its average volume of 4,980,565. The business has a 50 day simple moving average of $37.98 and a 200 day simple moving average of $38.10. 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 cap of $37.54 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 2.63 and a beta of 0.55. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings results 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. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.07%. Exelon’s payout ratio is 62.55%.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research reports. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley reduced their price objective 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 increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.38.

About Exelon

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.