EP Wealth Advisors LLC Sells 489 Shares of Exelon Co. (NASDAQ:EXC)

EP Wealth Advisors LLC reduced its position in shares of Exelon Co. (NASDAQ:EXC) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,688 shares of the company’s stock after selling 489 shares during the period. EP Wealth Advisors LLC’s holdings in Exelon were worth $393,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXC. Wealth Enhancement Advisory Services LLC boosted its position in Exelon by 5.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 116,631 shares of the company’s stock valued at $4,037,000 after acquiring an additional 6,404 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Exelon during the second quarter valued at approximately $99,000. Envestnet Portfolio Solutions Inc. grew its stake in Exelon by 20.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,783 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,991 shares during the period. Swedbank AB raised its holdings in Exelon by 2.0% in the second quarter. Swedbank AB now owns 2,629,480 shares of the company’s stock worth $91,006,000 after purchasing an additional 51,385 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Exelon by 29.9% during the second quarter. Blue Trust Inc. now owns 8,175 shares of the company’s stock valued at $307,000 after buying an additional 1,883 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.2 %

EXC stock opened at $36.83 on Friday. The business’s 50-day moving average price is $39.09 and its 200-day moving average price is $37.86. The stock has a market cap of $37.01 billion, a P/E ratio of 15.16, a PEG ratio of 2.70 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 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 $41.42.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. On average, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.13%. Exelon’s dividend payout ratio is presently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent research reports. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average price target of $41.42.

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.