Telos Capital Management Inc. Sells 768 Shares of Exelon Co. (NASDAQ:EXC)

Telos Capital Management Inc. lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 12.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,298 shares of the company’s stock after selling 768 shares during the quarter. Telos Capital Management Inc.’s holdings in Exelon were worth $215,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EXC. RFG Advisory LLC bought a new position in Exelon during the first quarter worth about $209,000. Ballentine Partners LLC boosted its position in Exelon by 130.3% during the first quarter. Ballentine Partners LLC now owns 13,838 shares of the company’s stock worth $520,000 after purchasing an additional 7,830 shares during the period. Global Assets Advisory LLC bought a new position in Exelon during the first quarter worth about $1,049,000. CGN Advisors LLC bought a new position in Exelon during the first quarter worth about $271,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Exelon during the first quarter worth about $473,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXC. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley increased their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and an average target price of $41.33.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC opened at $40.53 on Wednesday. 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 52 week low of $33.35 and a 52 week high of $41.48. The firm’s fifty day moving average is $39.31 and its 200 day moving average is $37.57. The company has a market cap of $40.55 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.75%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

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.