Exelon Co. (NASDAQ:EXC) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Exelon Co. (NASDAQ:EXC) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,109 shares of the company’s stock after selling 2,232 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Exelon were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Crewe Advisors LLC acquired a new stake in Exelon during the 1st quarter worth approximately $26,000. Register Financial Advisors LLC acquired a new stake in shares of Exelon in the first quarter valued at $26,000. Versant Capital Management Inc boosted its holdings in Exelon by 646.2% in the second 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. J.Safra Asset Management Corp acquired a new position in Exelon during the 2nd quarter worth $28,000. Finally, Abound Wealth Management increased its holdings in 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 during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 1.4 %

EXC opened at $40.21 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The business’s 50 day moving average is $38.67 and its two-hundred day moving average is $37.30. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the company posted $0.41 EPS. On average, research analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.78%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EXC shares. Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Barclays raised their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.08.

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.