Eagle Bay Advisors LLC Decreases Stock Position in Exelon Co. (NASDAQ:EXC)

Eagle Bay Advisors LLC trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 31.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 963 shares of the company’s stock after selling 441 shares during the period. Eagle Bay Advisors LLC’s holdings in Exelon were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EXC. American National Bank & Trust boosted its position in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 744 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Exelon in the third quarter worth approximately $32,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Exelon during the second quarter valued at approximately $41,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank raised their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Morgan Stanley lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.38.

Exelon Trading Up 0.7 %

Exelon stock opened at $37.56 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The firm has a market capitalization of $37.74 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.63 and a beta of 0.55. The firm has a 50 day moving average of $37.97 and a 200 day moving average of $38.12.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. As a group, research analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

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.