Quent Capital LLC Cuts Stake in Exelon Co. (NASDAQ:EXC)

Quent Capital LLC reduced its position in Exelon Co. (NASDAQ:EXC) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the company’s stock after selling 318 shares during the quarter. Quent Capital LLC’s holdings in Exelon were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in shares of Exelon by 28.9% in the 3rd quarter. SG Americas Securities LLC now owns 421,129 shares of the company’s stock worth $17,077,000 after purchasing an additional 94,383 shares during the period. Czech National Bank increased its holdings in Exelon by 6.9% during the third quarter. Czech National Bank now owns 203,710 shares of the company’s stock valued at $8,260,000 after buying an additional 13,173 shares during the period. Central Pacific Bank Trust Division raised its stake in Exelon by 150.1% in the third quarter. Central Pacific Bank Trust Division now owns 3,474 shares of the company’s stock worth $141,000 after buying an additional 2,085 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Exelon by 14.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 3,969 shares of the company’s stock worth $161,000 after buying an additional 493 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its position in Exelon by 4.4% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 37,201 shares of the company’s stock valued at $1,509,000 after acquiring an additional 1,574 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EXC shares. 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. Barclays boosted their target price 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 initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley raised their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.08.

Exelon Stock Performance

Shares of EXC opened at $40.21 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. The stock has a 50-day moving average of $38.67 and a two-hundred day moving average of $37.30. The stock has a market cap of $40.21 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.92 and a beta of 0.53. Exelon Co. has a one year low of $33.35 and a one year high of $41.48.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.78%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

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.