Asset Dedication LLC Sells 9,194 Shares of Exelon Co. (NASDAQ:EXC)

Asset Dedication LLC decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 92.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 736 shares of the company’s stock after selling 9,194 shares during the period. Asset Dedication LLC’s holdings in Exelon were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Exelon during the second quarter worth approximately $1,811,000. AQR Capital Management LLC boosted its stake in Exelon by 147.7% in the 2nd quarter. AQR Capital Management LLC now owns 192,375 shares of the company’s stock valued at $6,641,000 after purchasing an additional 114,697 shares during the period. NewEdge Advisors LLC grew its holdings in Exelon by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 31,654 shares of the company’s stock valued at $1,096,000 after buying an additional 455 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Exelon during the 2nd quarter worth $57,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Exelon in the second quarter valued at about $1,215,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 1.1 %

Shares of EXC opened at $40.02 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19. The stock has a market capitalization of $40.21 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.61 and a beta of 0.55. The stock has a fifty day moving average of $38.18 and a 200-day moving average of $38.49.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on EXC shares. Barclays lowered their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank raised their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.13.

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.