Financial Counselors Inc. Sells 875 Shares of Exelon Co. (NASDAQ:EXC)

Financial Counselors Inc. lowered its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 1.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,621 shares of the company’s stock after selling 875 shares during the quarter. Financial Counselors Inc.’s holdings in Exelon were worth $2,278,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Exelon by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Norges Bank bought a new position in Exelon in the fourth quarter worth $382,015,000. Putnam Investments LLC lifted its position in Exelon by 2.9% in the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock worth $348,639,000 after purchasing an additional 274,967 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Exelon by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,617 shares of the company’s stock worth $210,145,000 after purchasing an additional 109,263 shares during the period. Finally, First Trust Advisors LP lifted its position in Exelon by 11.9% in the fourth quarter. First Trust Advisors LP now owns 3,096,839 shares of the company’s stock worth $111,177,000 after purchasing an additional 328,785 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

EXC opened at $34.43 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The company has a market capitalization of $34.43 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The business has a fifty day simple moving average of $36.40 and a 200 day simple moving average of $36.20. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53.

Exelon (NASDAQ:EXCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Research analysts expect that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.41%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio is currently 65.52%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXC shares. Morgan Stanley reduced their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Wells Fargo & Company raised their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Barclays raised their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, BMO Capital Markets lifted their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.91.

Read Our Latest Stock Report on Exelon

Exelon Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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