Rockefeller Capital Management L.P. Sells 14,381 Shares of Exelon Co. (NASDAQ:EXC)

Rockefeller Capital Management L.P. decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,606 shares of the company’s stock after selling 14,381 shares during the period. Rockefeller Capital Management L.P.’s holdings in Exelon were worth $5,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Exelon by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after buying an additional 160,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after buying an additional 123,466 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Exelon by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock worth $120,710,000 after acquiring an additional 15,620 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several analyst reports. Scotiabank lifted their price target 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 target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus target price of $41.25.

Exelon Stock Performance

NASDAQ:EXC opened at $37.85 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The stock’s 50 day simple moving average is $39.47 and its two-hundred day simple moving average is $37.87. The company has a market cap of $38.03 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is 62.55%.

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.