Foster & Motley Inc. Sells 3,699 Shares of Exelon Co. (NASDAQ:EXC)

Foster & Motley Inc. cut its holdings in Exelon Co. (NASDAQ:EXC) by 9.0% during the second quarter, Holdings Channel.com reports. The firm owned 37,474 shares of the company’s stock after selling 3,699 shares during the quarter. Foster & Motley Inc.’s holdings in Exelon were worth $1,297,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC grew its position in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. increased its holdings in Exelon by 16.3% in the first 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 period. Norges Bank acquired a new stake in Exelon during the 4th quarter valued at approximately $382,015,000. Swedbank AB bought a new position in Exelon during the first quarter worth $96,859,000. Finally, Wellington Management Group LLP raised its position in shares of Exelon by 2.6% in the 4th 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 in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank boosted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley upped their target price on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Barclays upped their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and an average price target of $39.82.

Exelon Price Performance

Shares of EXC opened at $38.42 on Friday. The firm has a 50 day moving average of $36.75 and a 200 day moving average of $36.76. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The company has a market capitalization of $38.42 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the firm posted $0.41 earnings per share. As a group, equities research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Exelon Company 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.