Exelon Co. (NASDAQ:EXC) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Exelon Co. (NASDAQ:EXC) by 66.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,465,237 shares of the company’s stock after selling 2,871,284 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Exelon were worth $59,415,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its position in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Exelon during the third quarter worth approximately $32,000. J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter valued at approximately $28,000. Abound Wealth Management increased its stake in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Exelon during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EXC shares. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Price Performance

Exelon stock opened at $38.14 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The business has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $37.87. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The stock has a market capitalization of $38.32 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio is presently 62.55%.

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.