Exelon Co. (NASDAQ:EXC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in Exelon Co. (NASDAQ:EXC) by 4.8% in the third quarter, HoldingsChannel reports. The fund owned 6,220 shares of the company’s stock after selling 316 shares during the period. Vontobel Holding Ltd.’s holdings in Exelon were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bill Few Associates Inc. acquired a new position in shares of Exelon in the 3rd quarter valued at $206,000. Jamison Private Wealth Management Inc. increased its holdings in Exelon by 3.9% in the third quarter. Jamison Private Wealth Management Inc. now owns 49,771 shares of the company’s stock valued at $2,018,000 after buying an additional 1,850 shares in the last quarter. NBC Securities Inc. raised its position in shares of Exelon by 3.0% in the third quarter. NBC Securities Inc. now owns 20,953 shares of the company’s stock worth $849,000 after acquiring an additional 607 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Exelon by 2.1% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 49,771 shares of the company’s stock valued at $2,018,000 after acquiring an additional 1,036 shares during the period. Finally, Creative Planning grew its position in shares of Exelon by 49.1% during the 3rd quarter. Creative Planning now owns 201,264 shares of the company’s stock valued at $8,161,000 after acquiring an additional 66,287 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.5 %

EXC stock opened at $40.74 on Thursday. The firm has a market cap of $40.76 billion, a PE ratio of 16.77, a PEG ratio of 2.96 and a beta of 0.53. 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 quick ratio of 0.93 and a current ratio of 1.03. The firm’s 50 day moving average price is $39.31 and its 200-day moving average price is $37.57.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.41 EPS. On average, equities research analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Wall Street Analyst Weigh In

EXC has been the topic of a number of recent analyst reports. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their price target 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. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.33.

About Exelon

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.