Exelon Co. (NASDAQ:EXC) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lessened its stake in Exelon Co. (NASDAQ:EXCFree Report) by 77.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 123,993 shares of the company’s stock after selling 414,489 shares during the period. Panagora Asset Management Inc.’s holdings in Exelon were worth $4,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC increased its position in Exelon by 2.9% during the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after purchasing an additional 219 shares during the period. Capital Advisors Ltd. LLC increased its stake in Exelon by 53.4% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 704 shares of the company’s stock valued at $29,000 after purchasing an additional 245 shares in the last quarter. NewEdge Advisors LLC increased its stake in Exelon by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 18,411 shares of the company’s stock valued at $775,000 after purchasing an additional 248 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Exelon by 21.0% in the 2nd quarter. Jones Financial Companies Lllp now owns 1,524 shares of the company’s stock valued at $62,000 after purchasing an additional 265 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its stake in Exelon by 3.9% in the 1st quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company’s stock valued at $310,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Exelon Trading Down 0.3 %

NASDAQ EXC opened at $35.59 on Thursday. Exelon Co. has a twelve month low of $34.05 and a twelve month high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.62 and a beta of 0.54. The firm’s 50 day moving average price is $37.52 and its two-hundred day moving average price is $39.27.

Exelon (NASDAQ:EXCGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Exelon had a return on equity of 8.81% and a net margin of 10.20%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Equities analysts anticipate that Exelon Co. will post 2.36 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Tuesday, November 14th. Exelon’s dividend payout ratio is currently 67.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com downgraded Exelon from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Barclays decreased their price objective on Exelon from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, October 24th. Evercore ISI cut Exelon from an “outperform” rating to an “in-line” rating in a report on Friday, December 15th. Royal Bank of Canada cut their target price on Exelon from $45.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.73.

Check Out Our Latest Report on Exelon

About Exelon

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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