Diversified Trust Co Trims Stock Position in Exelon Co. (NASDAQ:EXC)

Diversified Trust Co lessened its position in shares of Exelon Co. (NASDAQ:EXC) by 40.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,163 shares of the company’s stock after selling 15,354 shares during the quarter. Diversified Trust Co’s holdings in Exelon were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXC. HITE Hedge Asset Management LLC raised its position in Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. raised its position in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares during the period. Andra AP fonden raised its position in Exelon by 56.4% in the second quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after purchasing an additional 49,800 shares during the period. State Street Corp raised its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its position in Exelon by 110.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock valued at $2,423,000 after purchasing an additional 31,415 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $38.19 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a market capitalization of $38.37 billion, a PE ratio of 15.72, a P/E/G ratio of 2.63 and a beta of 0.55. The company has a fifty day moving average of $38.00 and a two-hundred day moving average of $38.04.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.98%. Exelon’s dividend payout ratio is presently 62.55%.

Analyst Ratings Changes

A number of analysts have issued reports on EXC shares. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank upped their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.