Exelon Co. (NASDAQ:EXC) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,614 shares of the company’s stock after selling 9,085 shares during the period. State of Alaska Department of Revenue’s holdings in Exelon were worth $5,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. TD Asset Management Inc raised its stake in shares of Exelon by 2.3% in the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after buying an additional 23,270 shares in the last quarter. Pacer Advisors Inc. raised its position in Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after acquiring an additional 88,614 shares in the last quarter. National Bank of Canada FI lifted its holdings in Exelon by 33.9% in the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares during the last quarter. Duality Advisers LP boosted its position in shares of Exelon by 225.3% during the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 worth $103,389,000 after purchasing an additional 200,476 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Barclays boosted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Scotiabank decreased their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, Morgan Stanley cut their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.91.

Exelon Stock Performance

EXC stock opened at $34.73 on Friday. The firm has a 50 day simple moving average of $36.59 and a 200 day simple moving average of $36.20. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The stock has a market cap of $34.73 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.53 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, May 10th. Exelon’s payout ratio is currently 65.52%.

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.