Hartford Investment Management Co. Sells 1,430 Shares of Exelon Co. (NASDAQ:EXC)

Hartford Investment Management Co. lowered its stake in Exelon Co. (NASDAQ:EXC) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 62,460 shares of the company’s stock after selling 1,430 shares during the quarter. Hartford Investment Management Co.’s holdings in Exelon were worth $2,533,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the period. Lazard Asset Management LLC boosted its position in 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. Jacobs Levy Equity Management Inc. grew its holdings in Exelon by 2.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after acquiring an additional 113,428 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after acquiring an additional 193,223 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Exelon by 666.2% during 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 acquiring an additional 3,115,763 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Barclays lifted their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Price Performance

Shares of NASDAQ EXC opened at $40.71 on Friday. 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 company has a 50 day simple moving average of $39.38 and a two-hundred day simple moving average of $37.59. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company has a market capitalization of $40.73 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted 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. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter last year, the company earned $0.41 EPS. Analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

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

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.