AE Wealth Management LLC Has $18.77 Million Stake in Exelon Co. (NASDAQ:EXC)

AE Wealth Management LLC trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 30.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,367 shares of the company’s stock after selling 233,266 shares during the period. AE Wealth Management LLC owned 0.05% of Exelon worth $18,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. TD Asset Management Inc increased its stake in shares of Exelon by 2.3% in the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after buying an additional 23,270 shares during the period. Vanguard Group Inc. increased its stake in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the period. Clearbridge Investments LLC increased its stake in shares of Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after buying an additional 156,201 shares during the period. Czech National Bank increased its stake in shares of Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after buying an additional 15,389 shares during the period. Finally, Sciencast Management LP acquired a new stake in shares of Exelon in the 1st quarter valued at $1,461,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Exelon Stock Performance

Shares of Exelon stock opened at $40.27 on Friday. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock’s 50-day moving average is $37.83 and its 200-day moving average is $37.05. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business 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 yield of 3.77%. Exelon’s payout ratio is presently 65.52%.

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.