Summit Trail Advisors LLC Sells 859 Shares of Exelon Co. (NASDAQ:EXC)

Summit Trail Advisors LLC decreased its position in Exelon Co. (NASDAQ:EXC) by 5.4% during the third quarter, HoldingsChannel.com reports. The firm owned 14,917 shares of the company’s stock after selling 859 shares during the quarter. Summit Trail Advisors LLC’s holdings in Exelon were worth $605,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after buying an additional 123,466 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Bank of Montreal Can lifted its position in Exelon by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock valued at $120,710,000 after acquiring an additional 15,620 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exelon by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after purchasing an additional 237,950 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Exelon by 0.3% in the third quarter. Swiss National Bank now owns 2,968,155 shares of the company’s stock worth $120,359,000 after purchasing an additional 8,100 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

NASDAQ:EXC opened at $39.13 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a 50-day simple moving average of $39.61 and a two-hundred day simple moving average of $37.84. The firm has a market capitalization of $39.32 billion, a PE ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Analysts forecast that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXC. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. 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 report on Friday. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $41.25.

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.