Exelon Co. (NASDAQ:EXC) Stock Holdings Cut by Atria Investments Inc

Atria Investments Inc decreased its position in Exelon Co. (NASDAQ:EXC) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,071 shares of the company’s stock after selling 4,977 shares during the quarter. Atria Investments Inc’s holdings in Exelon were worth $692,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lazard Asset Management LLC lifted its holdings in 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 acquiring an additional 16,686,526 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Exelon by 2.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after buying an additional 113,428 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Exelon by 666.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Exelon by 0.5% in the second quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock valued at $120,710,000 after buying an additional 15,620 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Exelon by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after buying an additional 237,950 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.3 %

Exelon stock opened at $39.23 on Tuesday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $39.42 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.79 and a beta of 0.54. The company’s fifty day simple moving average is $39.69 and its 200-day simple moving average is $37.80.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. As a group, sell-side analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio is 62.55%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXC. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley boosted their price target 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. Eleven research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $41.33.

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.