Eagle Bay Advisors LLC Sells 915 Shares of Exelon Co. (NASDAQ:EXC)

Eagle Bay Advisors LLC decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 42.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255 shares of the company’s stock after selling 915 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Exelon were worth $43,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Heritage Wealth Advisors grew its stake in Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Exelon in the first quarter worth $26,000. Crewe Advisors LLC purchased a new stake in Exelon during the first quarter valued at about $26,000. Versant Capital Management Inc lifted its stake in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Exelon during the second quarter worth about $28,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXC has been the topic of several recent research reports. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley lifted their price target on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.82.

Exelon Stock Performance

EXC stock traded up $0.22 during trading on Wednesday, reaching $37.90. The stock had a trading volume of 1,302,276 shares, compared to its average volume of 6,721,465. The stock’s 50 day moving average is $36.28 and its two-hundred day moving average is $36.61. The firm has a market cap of $37.90 billion, a PE ratio of 16.24, a PEG ratio of 2.73 and a beta of 0.52. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $42.15. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.01%. The ex-dividend date is Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

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.