Exelon Co. (NASDAQ:EXC) Shares Sold by Asset Dedication LLC

Asset Dedication LLC cut its stake in Exelon Co. (NASDAQ:EXC) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,135 shares of the company’s stock after selling 607 shares during the quarter. Asset Dedication LLC’s holdings in Exelon were worth $593,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Exelon in the first quarter valued at approximately $26,000. Heritage Wealth Advisors raised its stake in shares of Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Exelon during the 1st quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in shares of Exelon during the 2nd quarter worth approximately $28,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 0.6 %

Shares of NASDAQ:EXC opened at $38.20 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The business has a fifty day moving average of $36.82 and a two-hundred day moving average of $36.80. The stock has a market cap of $38.22 billion, a P/E ratio of 16.47, a PEG ratio of 2.77 and a beta of 0.53. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $42.15.

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

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, August 12th. Exelon’s payout ratio is currently 65.52%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays upped their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.82.

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.