Exelon Co. (NASDAQ:EXC) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company cut its position in shares of Exelon Co. (NASDAQ:EXC) by 8.6% during the third quarter, Holdings Channel.com reports. The firm owned 8,146 shares of the company’s stock after selling 765 shares during the quarter. Romano Brothers AND Company’s holdings in Exelon were worth $330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in shares of Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after buying an additional 16,686,526 shares during the period. Vanguard Group Inc. increased its stake in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after purchasing an additional 3,115,763 shares during the period. Swedbank AB purchased a new stake in Exelon in the 1st quarter valued at about $96,859,000. Finally, M&G Plc acquired a new position in Exelon in the first quarter valued at about $89,266,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. 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 report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Wells Fargo & Company raised 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. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Stock Down 0.1 %

Shares of NASDAQ:EXC opened at $40.71 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The firm’s 50 day moving average price is $39.38 and its 200 day moving average price is $37.59. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market cap of $40.73 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period last year, the business earned $0.41 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

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.