Shell Asset Management Co. Sells 1,384 Shares of Exelon Co. (NASDAQ:EXC)

Shell Asset Management Co. trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,903 shares of the company’s stock after selling 1,384 shares during the period. Shell Asset Management Co.’s holdings in Exelon were worth $4,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wesbanco Bank Inc. increased its position in shares of Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after buying an additional 296 shares during the period. PFG Investments LLC increased its position in shares of Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after buying an additional 305 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after buying an additional 311 shares during the period. Blue Trust Inc. increased its position in shares of Exelon by 3.0% during the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock valued at $450,000 after buying an additional 322 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of Exelon by 2.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company’s stock valued at $444,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 2.8%

NASDAQ:EXC opened at $43.43 on Friday. The company’s 50 day moving average price is $45.22 and its 200-day moving average price is $41.51. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s payout ratio is 59.48%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Wells Fargo & Company upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. BMO Capital Markets upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.30.

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.