Exelon Co. (NASDAQ:EXC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Exelon Co. (NASDAQ:EXC) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,109 shares of the company’s stock after selling 4,403 shares during the period. Mutual of America Capital Management LLC’s holdings in Exelon were worth $4,365,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new position in shares of Exelon during the first quarter worth approximately $26,000. Heritage Wealth Advisors boosted its stake in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC purchased a new position in Exelon during the 1st quarter worth $26,000. Versant Capital Management Inc increased its stake in Exelon by 646.2% in the second 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 period. Finally, J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter valued at $28,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $40.27 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The firm’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $37.06. The stock has a market cap of $40.29 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $0.41 earnings per share. Analysts expect that Exelon Co. will post 2.44 earnings per share for the current fiscal 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 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 3.77%. Exelon’s payout ratio is 65.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXC. Morgan Stanley increased their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on Exelon in a research note on Thursday. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays lifted their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average price target of $40.83.

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.