Concurrent Investment Advisors LLC Sells 485 Shares of Exelon Co. (NASDAQ:EXC)

Concurrent Investment Advisors LLC decreased its position in Exelon Co. (NASDAQ:EXC) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,280 shares of the company’s stock after selling 485 shares during the period. Concurrent Investment Advisors LLC’s holdings in Exelon were worth $376,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in shares of Exelon during the 1st quarter worth approximately $26,000. American National Bank & Trust raised its stake in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares in the last quarter. 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 purchasing an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Exelon during the 2nd quarter worth approximately $28,000. Finally, Abound Wealth Management raised its stake in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXC shares. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley boosted their target price on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.33.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $38.11 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The stock’s fifty day moving average price is $39.69 and its two-hundred day moving average price is $37.76. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, equities analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, November 8th. 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.