Eagle Bay Advisors LLC Cuts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Eagle Bay Advisors LLC lowered its stake in Exelon Co. (NASDAQ:EXC) by 31.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 963 shares of the company’s stock after selling 441 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Exelon were worth $36,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust lifted its position in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Abound Wealth Management raised its holdings in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the 3rd quarter valued at approximately $32,000. Versant Capital Management Inc grew its holdings in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Exelon in the second quarter worth $41,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley decreased their price objective 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 lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $42.38.

Exelon Stock Performance

EXC stock opened at $37.56 on Tuesday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19. The business has a 50-day moving average price of $37.97 and a 200 day moving average price of $38.12. The company has a market capitalization of $37.74 billion, a P/E ratio of 15.46, a PEG ratio of 2.63 and a beta of 0.55. 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 (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.05%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.