Fisher Asset Management LLC Lowers Stake in Exelon Co. (NASDAQ:EXC)

Fisher Asset Management LLC lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 30.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,255 shares of the company’s stock after selling 2,722 shares during the period. Fisher Asset Management LLC’s holdings in Exelon were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EXC. Norges Bank purchased a new position in shares of Exelon during the 4th quarter worth approximately $382,015,000. Wellington Management Group LLP boosted its position in shares of Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Exelon by 501.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after buying an additional 1,909,731 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Exelon by 122.0% during the 4th quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock worth $51,154,000 after buying an additional 783,192 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Exelon by 3,481.3% during the 4th quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock worth $28,695,000 after buying an additional 776,997 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EXC. Barclays increased their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BMO Capital Markets increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Scotiabank reduced their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Morgan Stanley reduced their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.91.

Exelon Trading Down 1.4 %

Shares of Exelon stock opened at $34.82 on Wednesday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The company has a market capitalization of $34.82 billion, a P/E ratio of 15.01, a PEG ratio of 2.54 and a beta of 0.52. The company’s fifty day moving average is $36.97 and its two-hundred day moving average is $36.36.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Analysts forecast that Exelon Co. will post 2.42 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Friday, May 10th. Exelon’s payout ratio is 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.