Exelon Co. (NASDAQ:EXC) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 12.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 166,874 shares of the company’s stock after selling 24,587 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Exelon were worth $6,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Exelon in the second quarter valued at about $28,000. American National Bank & Trust boosted its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the period. Abound Wealth Management grew its holdings in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Exelon in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent research reports. Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley reduced 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. Finally, Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Stock Down 3.0 %

EXC opened at $38.37 on Tuesday. 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 $38.56 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.82 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The business’s fifty day moving average is $39.59 and its two-hundred day moving average is $37.88.

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

Exelon Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.96%. Exelon’s dividend payout ratio is currently 62.55%.

Exelon 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.