Hancock Whitney Corp Has $299,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Hancock Whitney Corp trimmed its position in Exelon Co. (NASDAQ:EXC) by 22.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,633 shares of the company’s stock after selling 2,543 shares during the quarter. Hancock Whitney Corp’s holdings in Exelon were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors raised its stake in shares of Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Exelon during the 1st quarter worth $26,000. Crewe Advisors LLC acquired a new position in shares of Exelon in the 1st quarter valued at $26,000. Versant Capital Management Inc lifted its stake in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. Finally, J.Safra Asset Management Corp bought a new position in shares of Exelon in the 2nd quarter worth $28,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXC. UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Barclays increased their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank raised their price objective 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 target price on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Exelon has an average rating of “Hold” and an average price target of $40.83.

Exelon Price Performance

Shares of EXC opened at $40.40 on Tuesday. The company has a 50 day moving average of $37.93 and a 200-day moving average of $37.08. 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 stock has a market capitalization of $40.40 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.93 and a beta of 0.53. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48.

Exelon (NASDAQ:EXC) last issued its quarterly 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. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities research analysts forecast that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.76%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

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.