Exelon Co. (NASDAQ:EXC) Stock Holdings Lessened by Grove Bank & Trust

Grove Bank & Trust lowered its stake in Exelon Co. (NASDAQ:EXC) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,036 shares of the company’s stock after selling 268 shares during the period. Grove Bank & Trust’s holdings in Exelon were worth $123,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC bought a new position in shares of Exelon in the first quarter valued at $26,000. Crewe Advisors LLC bought a new position in shares of Exelon in the first quarter valued at $26,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Exelon in the second quarter valued at $28,000. Finally, American National Bank & Trust increased its holdings in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays boosted their target price 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. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.08.

Exelon Trading Up 0.5 %

Shares of NASDAQ:EXC opened at $39.93 on Tuesday. The stock has a market capitalization of $39.93 billion, a PE ratio of 17.21, a P/E/G ratio of 2.86 and a beta of 0.53. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The firm has a fifty day moving average price of $38.91 and a 200 day moving average price of $37.42. 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 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 firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

Exelon 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.