Amalgamated Bank Sells 4,372 Shares of Exelon Co. (NASDAQ:EXC)

Amalgamated Bank lowered its holdings in Exelon Co. (NASDAQ:EXC) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,866 shares of the company’s stock after selling 4,372 shares during the period. Amalgamated Bank’s holdings in Exelon were worth $6,987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Exelon by 13.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 36,793 shares of the company’s stock worth $1,273,000 after acquiring an additional 4,288 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Exelon by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company’s stock worth $7,123,000 after acquiring an additional 1,653 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Exelon by 37.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 16,604 shares of the company’s stock worth $575,000 after acquiring an additional 4,517 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Exelon by 0.9% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 52,139 shares of the company’s stock worth $1,805,000 after acquiring an additional 451 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after acquiring an additional 237,950 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.5 %

Shares of NASDAQ EXC opened at $39.29 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The firm has a 50 day moving average price of $37.65 and a two-hundred day moving average price of $37.01. The stock has a market cap of $39.29 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, equities analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXC. Barclays upped their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday. They issued a “buy” rating and a $46.00 price objective for the company. Morgan Stanley increased their price objective on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Scotiabank increased 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. Finally, Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and an average price target of $40.33.

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.