Global Retirement Partners LLC Cuts Stake in Exelon Co. (NASDAQ:EXC)

Global Retirement Partners LLC reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,898 shares of the company’s stock after selling 489 shares during the period. Global Retirement Partners LLC’s holdings in Exelon were worth $401,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in shares of Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after purchasing an additional 3,115,763 shares during the last quarter. Swedbank AB purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $96,859,000. Finally, M&G Plc purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $89,266,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on EXC shares. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley upped their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, 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 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Down 1.1 %

Shares of NASDAQ:EXC opened at $40.50 on Tuesday. The stock has a market cap of $40.50 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.89 and a beta of 0.53. The firm has a fifty day moving average price of $39.24 and a 200 day moving average price of $37.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1-year low of $33.35 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the prior year, the business earned $0.41 EPS. Sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. Exelon’s payout ratio is currently 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.