Marshall Financial Group LLC Lowers Position in Exelon Co. (NASDAQ:EXC)

Marshall Financial Group LLC cut its stake in shares of Exelon Co. (NASDAQ:EXC) by 25.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,322 shares of the company’s stock after selling 3,963 shares during the quarter. Marshall Financial Group LLC’s holdings in Exelon were worth $495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Exelon by 6.9% during the fourth quarter. BlackRock Inc. now owns 77,161,858 shares of the company’s stock valued at $3,257,773,000 after acquiring an additional 4,964,983 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Exelon by 7.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,084,613 shares of the company’s stock valued at $932,412,000 after acquiring an additional 1,439,810 shares during the period. Bank of New York Mellon Corp raised its holdings in Exelon by 5.1% during the fourth quarter. Bank of New York Mellon Corp now owns 15,029,748 shares of the company’s stock valued at $634,556,000 after acquiring an additional 723,731 shares during the period. Morgan Stanley raised its holdings in Exelon by 52.0% during the fourth quarter. Morgan Stanley now owns 11,770,912 shares of the company’s stock valued at $496,969,000 after acquiring an additional 4,025,239 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Exelon by 2.0% during the fourth quarter. California Public Employees Retirement System now owns 7,828,265 shares of the company’s stock valued at $330,509,000 after acquiring an additional 151,092 shares during the period. Institutional investors own 76.59% of the company’s stock.

Shares of EXC stock opened at $45.08 on Friday. The business’s fifty day simple moving average is $43.45 and its 200-day simple moving average is $42.26. The company has a market cap of $44.03 billion, a PE ratio of 18.55, a PEG ratio of 5.31 and a beta of 0.41. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. Exelon Co. has a 12-month low of $33.97 and a 12-month high of $46.37.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Tuesday, February 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.30 billion. Exelon had a return on equity of 9.24% and a net margin of 7.15%. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, equities analysts forecast that Exelon Co. will post 3.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 8th were given a $0.3825 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.39%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, March 5th. Exelon’s dividend payout ratio is presently 47.52%.

In related news, CEO Carim V. Khouzami sold 12,239 shares of the company’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $42.88, for a total value of $524,808.32. Following the transaction, the chief executive officer now directly owns 635 shares of the company’s stock, valued at approximately $27,228.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on the company. TheStreet cut Exelon from a “b” rating to a “c+” rating in a report on Thursday, March 18th. Bank of America raised Exelon from a “neutral” rating to a “buy” rating in a report on Wednesday, January 6th. Credit Suisse Group reduced their target price on Exelon from $49.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, March 1st. Wells Fargo & Company lifted their target price on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 7th. Finally, Morgan Stanley lifted their target price on Exelon from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Exelon presently has a consensus rating of “Buy” and an average price target of $45.55.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Further Reading: Economic Reports

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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