Vontobel Holding Ltd. Cuts Stock Position in Exelon Co. (NASDAQ:EXC)

Vontobel Holding Ltd. decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,220 shares of the company’s stock after selling 316 shares during the quarter. Vontobel Holding Ltd.’s holdings in Exelon were worth $252,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EXC. Register Financial Advisors LLC bought a new stake in Exelon in the first quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of Exelon during the 1st quarter worth about $26,000. Versant Capital Management Inc grew its holdings in Exelon by 646.2% during 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 last quarter. J.Safra Asset Management Corp purchased a new stake in Exelon in the 2nd quarter worth about $28,000. Finally, American National Bank & Trust lifted its stake in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.5 %

Shares of Exelon stock opened at $40.74 on Thursday. The firm’s 50 day simple moving average is $39.31 and its two-hundred day simple moving average is $37.57. The firm has a market capitalization of $40.76 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.96 and a beta of 0.53. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its 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 return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the prior year, the firm earned $0.41 EPS. Analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is 62.55%.

Analysts Set New Price Targets

EXC has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.33.

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.