Community Bank N.A. Has $825,000 Stock Position in Exelon Corporation (NASDAQ:EXC)

Community Bank N.A. trimmed its stake in shares of Exelon Corporation (NASDAQ:EXC) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,910 shares of the company’s stock after selling 1,101 shares during the period. Community Bank N.A.’s holdings in Exelon were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the 4th quarter valued at $25,000. Millstone Evans Group LLC bought a new position in Exelon during the 4th quarter worth approximately $28,000. Capital Advisors Ltd. LLC grew its holdings in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. SBI Securities Co. Ltd. bought a new stake in Exelon in the fourth quarter valued at approximately $36,000. Finally, CoreFirst Bank & Trust bought a new stake in Exelon in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXC shares. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets upped their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Guggenheim increased their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, UBS Group reissued a “neutral” rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $47.40.

Exelon Price Performance

Shares of NASDAQ EXC opened at $42.39 on Wednesday. The stock has a market capitalization of $42.79 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.46 and a beta of 0.39. The business has a 50-day moving average of $44.71 and a 200-day moving average of $42.26. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. Exelon Corporation has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, sell-side analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s dividend payout ratio (DPR) is currently 59.48%.

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.