Keeley Teton Advisors LLC Reduces Holdings in Exelon Co. (NASDAQ:EXC)

Keeley Teton Advisors LLC reduced its stake in Exelon Co. (NASDAQ:EXC) by 2.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,823 shares of the company’s stock after selling 1,152 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Exelon were worth $1,759,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EXC. Vanguard Group Inc. grew its stake in Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Norges Bank acquired a new stake in Exelon during the 4th quarter valued at approximately $382,015,000. Wellington Management Group LLP increased its stake in shares of 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 acquiring an additional 2,352,547 shares during the period. M&G Plc purchased a new position in shares of Exelon during the first quarter worth $89,266,000. Finally, Bank of Nova Scotia lifted its position in Exelon by 122.0% during the fourth quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock valued at $51,154,000 after purchasing an additional 783,192 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Up 0.7 %

NASDAQ EXC traded up $0.27 on Friday, reaching $36.75. 4,552,576 shares of the company were exchanged, compared to its average volume of 6,404,704. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.28. The stock has a market capitalization of $36.75 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. The business’s fifty day moving average price is $35.84 and its 200 day moving average price is $36.19. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last posted its earnings results 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 net margin of 10.44% and a return on equity of 9.27%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Analysts forecast that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.14%. Exelon’s payout ratio is currently 65.52%.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barclays raised their price target on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Finally, Scotiabank dropped their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Eleven research 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 currently has a consensus rating of “Hold” and an average price target of $39.09.

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.