Radnor Capital Management LLC Trims Position in Exelon Co. (NASDAQ:EXC)

Radnor Capital Management LLC decreased its position in shares of Exelon Co. (NASDAQ:EXCFree Report) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 36,240 shares of the company’s stock after selling 600 shares during the period. Radnor Capital Management LLC’s holdings in Exelon were worth $1,362,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc lifted its holdings in Exelon by 2.3% in the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after purchasing an additional 23,270 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after buying an additional 88,614 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after buying an additional 277,635 shares in the last quarter. Duality Advisers LP boosted its position in shares of Exelon by 225.3% during the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after acquiring an additional 84,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Exelon by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after acquiring an additional 200,476 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of a number of research reports. Morgan Stanley increased their price target on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Scotiabank decreased their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.09.

Check Out Our Latest Research Report on EXC

Exelon Stock Down 0.5 %

Shares of EXC traded down $0.16 during midday trading on Friday, hitting $34.78. The company had a trading volume of 19,441,810 shares, compared to its average volume of 6,784,654. The company’s 50-day simple moving average is $37.00 and its 200-day simple moving average is $36.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53. The firm has a market capitalization of $34.78 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.55 and a beta of 0.52.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, sell-side analysts expect that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.37%. Exelon’s dividend payout ratio is presently 65.52%.

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.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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