Raymond James & Associates Sells 98,908 Shares of Exelon Co. (NASDAQ:EXC)

Raymond James & Associates cut its holdings in Exelon Co. (NASDAQ:EXC) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 444,003 shares of the company’s stock after selling 98,908 shares during the quarter. Raymond James & Associates’ holdings in Exelon were worth $18,004,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake 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 period. Clearbridge Investments LLC grew its stake in shares of Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Czech National Bank raised its holdings in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after purchasing an additional 15,389 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Exelon in the first quarter worth $1,461,000. Finally, Acadian Asset Management LLC acquired a new position in Exelon during the first quarter worth $681,000. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 1.6 %

EXC stock opened at $40.07 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The company’s 50-day simple moving average is $39.45 and its 200 day simple moving average is $37.61. The company has a market capitalization of $40.07 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lifted their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.33.

Exelon Company 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.