STF Management LP Cuts Stake in Exelon Co. (NASDAQ:EXC)

STF Management LP reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,173 shares of the company’s stock after selling 854 shares during the period. STF Management LP’s holdings in Exelon were worth $560,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Exelon by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after purchasing an additional 200,476 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Exelon by 10.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,309 shares of the company’s stock valued at $693,000 after purchasing an additional 1,901 shares during the last quarter. Norges Bank purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $382,015,000. Gladstone Institutional Advisory LLC increased its position in shares of Exelon by 13.5% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 7,243 shares of the company’s stock valued at $260,000 after purchasing an additional 864 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Exelon by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 847,610 shares of the company’s stock valued at $30,429,000 after purchasing an additional 44,982 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXC. Scotiabank increased their price objective on shares of 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 increased their price objective on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Barclays upped their target price on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.82.

Exelon Stock Up 0.5 %

Shares of NASDAQ:EXC opened at $40.43 on Tuesday. The stock has a market cap of $40.45 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.88 and a beta of 0.53. The firm has a fifty day moving average price of $37.43 and a 200 day moving average price of $36.96. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.82.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the prior year, the business earned $0.41 EPS. Sell-side analysts predict that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

About Exelon

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.