Park Avenue Securities LLC Trims Position in Exelon Co. (NASDAQ:EXC)

Park Avenue Securities LLC lessened its stake in shares of Exelon Co. (NASDAQ:EXC) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,360 shares of the company’s stock after selling 668 shares during the quarter. Park Avenue Securities LLC’s holdings in Exelon were worth $765,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EXC. Czech National Bank boosted its position in shares of Exelon by 0.5% during the 1st quarter. Czech National Bank now owns 175,148 shares of the company’s stock valued at $6,580,000 after acquiring an additional 804 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Exelon by 26.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,871 shares of the company’s stock valued at $108,000 after acquiring an additional 603 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in Exelon by 2.2% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after buying an additional 310 shares during the last quarter. GAMMA Investing LLC lifted its position in Exelon by 14.2% in the 1st quarter. GAMMA Investing LLC now owns 8,347 shares of the company’s stock worth $314,000 after buying an additional 1,035 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Exelon by 1,171.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 467,714 shares of the company’s stock worth $17,572,000 after buying an additional 430,939 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC opened at $34.80 on Thursday. The stock has a fifty day simple moving average of $36.93 and a two-hundred day simple moving average of $36.35. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The company has a market cap of $34.80 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.53.

Exelon (NASDAQ:EXC) last issued 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). 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 the consensus estimate of $5.70 billion. Research analysts predict that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.37%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EXC shares. Wells Fargo & Company boosted their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Barclays boosted their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley lowered their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.91.

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.