Fifth Third Bancorp Decreases Holdings in Exelon Co. (NASDAQ:EXC)

Fifth Third Bancorp lowered its position in Exelon Co. (NASDAQ:EXC) by 6.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 136,707 shares of the company’s stock after selling 9,863 shares during the period. Fifth Third Bancorp’s holdings in Exelon were worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American National Bank & Trust boosted its stake in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon in the third quarter worth $32,000. Versant Capital Management Inc boosted its position in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after buying an additional 379 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Exelon in the second quarter worth about $57,000. Finally, UMB Bank n.a. increased its holdings in shares of Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after buying an additional 735 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank boosted their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Barclays dropped their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Stock Up 0.4 %

Shares of NASDAQ:EXC opened at $39.38 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The firm has a market capitalization of $39.57 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.61 and a beta of 0.55. The stock has a 50 day moving average price of $38.12 and a 200-day moving average price of $38.39.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.86%. Exelon’s dividend payout ratio is currently 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.