NBC Securities Inc. Sells 63,801 Shares of Exelon Co. (NASDAQ:EXC)

NBC Securities Inc. lessened its stake in shares of Exelon Co. (NASDAQ:EXC) by 77.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 18,976 shares of the company’s stock after selling 63,801 shares during the period. NBC Securities Inc.’s holdings in Exelon were worth $712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc raised its holdings in Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after acquiring an additional 23,270 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after acquiring an additional 88,614 shares in the last quarter. National Bank of Canada FI increased its position in Exelon by 33.9% during the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after buying an additional 277,635 shares during the last quarter. Duality Advisers LP increased its position in Exelon by 225.3% during the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after buying an additional 84,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Exelon by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock worth $103,389,000 after buying an additional 200,476 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXC shares. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. BMO Capital Markets upped their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays upped their target price on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Wells Fargo & Company boosted their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley boosted their price target on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.09.

Exelon Stock Down 0.8 %

NASDAQ EXC opened at $34.89 on Thursday. The business has a fifty day moving average price of $37.12 and a two-hundred day moving average price of $36.50. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The stock has a market capitalization of $34.89 billion, a PE ratio of 15.04, a PEG ratio of 2.55 and a beta of 0.52.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Equities analysts expect that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Friday, May 10th. Exelon’s payout ratio is 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.