Regal Investment Advisors LLC Sells 594 Shares of Exelon Co. (NASDAQ:EXC)

Regal Investment Advisors LLC trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,814 shares of the company’s stock after selling 594 shares during the period. Regal Investment Advisors LLC’s holdings in Exelon were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Exelon by 8.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,161,532 shares of the company’s stock valued at $41,699,000 after purchasing an additional 91,008 shares during the period. Rafferty Asset Management LLC increased its position in shares of Exelon by 36.9% during the fourth quarter. Rafferty Asset Management LLC now owns 415,907 shares of the company’s stock valued at $14,931,000 after buying an additional 112,065 shares during the period. Peapack Gladstone Financial Corp raised its stake in Exelon by 2.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 32,095 shares of the company’s stock worth $1,152,000 after buying an additional 761 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in Exelon in the fourth quarter worth about $201,000. Finally, First Trust Advisors LP boosted its position in Exelon by 11.9% during the 4th quarter. First Trust Advisors LP now owns 3,096,839 shares of the company’s stock valued at $111,177,000 after acquiring an additional 328,785 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC opened at $40.77 on Wednesday. The company has a 50 day moving average of $38.43 and a 200 day moving average of $37.23. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The firm has a market cap of $40.79 billion, a P/E ratio of 17.57, a PEG ratio of 2.89 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, research analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.73%. Exelon’s dividend payout ratio is presently 65.52%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXC. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank raised their price objective on 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 initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Wells Fargo & Company increased their price target 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 boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.08.

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.