Exelon Co. (NASDAQ:EXC) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,187 shares of the company’s stock after selling 800 shares during the quarter. Cullinan Associates Inc.’s holdings in Exelon were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co raised its position in Exelon by 105.5% during the first quarter. Diversified Trust Co now owns 34,091 shares of the company’s stock valued at $1,281,000 after acquiring an additional 17,503 shares in the last quarter. AMF Tjanstepension AB raised its position in Exelon by 61.5% during the first quarter. AMF Tjanstepension AB now owns 2,012,282 shares of the company’s stock valued at $75,626,000 after acquiring an additional 766,558 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Exelon during the first quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC raised its position in Exelon by 49.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,227 shares of the company’s stock valued at $4,141,000 after acquiring an additional 36,548 shares in the last quarter. Finally, Viking Fund Management LLC raised its position in Exelon by 72.9% during the first quarter. Viking Fund Management LLC now owns 60,500 shares of the company’s stock valued at $2,273,000 after acquiring an additional 25,500 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.1 %

Shares of EXC opened at $34.53 on Wednesday. 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 Co. has a one year low of $33.35 and a one year high of $43.53. The stock has a market capitalization of $34.53 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 2.52 and a beta of 0.52. The stock has a 50 day moving average price of $36.71 and a 200 day moving average price of $36.22.

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

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.40%. The ex-dividend date was Friday, May 10th. Exelon’s payout ratio is currently 65.52%.

Analyst Ratings Changes

Several research analysts recently weighed in on EXC shares. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Barclays upped their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Morgan Stanley dropped their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Scotiabank reduced their price objective on shares of 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, Wells Fargo & Company increased their price objective on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.91.

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.