Trust Co. of Toledo NA OH Cuts Holdings in Exelon Co. (NASDAQ:EXC)

Trust Co. of Toledo NA OH decreased its stake in Exelon Co. (NASDAQ:EXC) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,753 shares of the company’s stock after selling 2,221 shares during the period. Trust Co. of Toledo NA OH’s holdings in Exelon were worth $1,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Heritage Wealth Advisors raised its position in shares of Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares during the period. Fortis Group Advisors LLC bought a new stake in shares of Exelon in the third quarter valued at approximately $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of Exelon in the fourth quarter valued at approximately $34,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Exelon in the fourth quarter valued at approximately $39,000. Finally, Operose Advisors LLC raised its position in shares of Exelon by 334.6% in the third quarter. Operose Advisors LLC now owns 1,104 shares of the company’s stock valued at $42,000 after purchasing an additional 850 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.8 %

Shares of EXC opened at $34.89 on Thursday. The stock has a market capitalization of $34.89 billion, a P/E ratio of 15.04, a PEG ratio of 2.55 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $37.12 and a two-hundred day simple moving average of $36.50. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.53.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.36%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXC shares. Scotiabank lowered their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley upped their target price on shares of Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Barclays upped 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. Finally, BMO Capital Markets boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.09.

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.