Compagnie Lombard Odier SCmA Sells 756 Shares of Exelon Co. (NASDAQ:EXC)

Compagnie Lombard Odier SCmA trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 8.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,025 shares of the company’s stock after selling 756 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Exelon were worth $325,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EXC. Vanguard Group Inc. raised its position in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Exelon by 2.4% during 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 in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings 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 purchasing an additional 193,223 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC stock opened at $39.74 on Monday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a market capitalization of $39.74 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.86 and a beta of 0.53. The company has a 50-day simple moving average of $38.86 and a 200 day simple moving average of $37.41. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent research reports. Barclays lifted their price target on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley upped their target price on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.08.

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.