Campion Asset Management Sells 260 Shares of Exelon Corporation (NASDAQ:EXC)

Campion Asset Management trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,468 shares of the company’s stock after selling 260 shares during the period. Campion Asset Management’s holdings in Exelon were worth $575,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in Exelon by 30.2% in the fourth quarter. Federated Hermes Inc. now owns 31,183 shares of the company’s stock worth $1,174,000 after purchasing an additional 7,242 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Exelon in the 4th quarter valued at approximately $24,283,000. Treasurer of the State of North Carolina raised its holdings in shares of Exelon by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 440,065 shares of the company’s stock worth $16,564,000 after buying an additional 2,770 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Exelon by 55.3% during the 4th quarter. Sterling Capital Management LLC now owns 59,717 shares of the company’s stock worth $2,248,000 after buying an additional 21,274 shares during the period. Finally, Qtron Investments LLC acquired a new stake in Exelon in the 4th quarter valued at $581,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXC. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the company 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 research note on Monday, April 28th. Finally, UBS Group reiterated a “neutral” rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.20.

Exelon Price Performance

EXC opened at $45.32 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The stock has a market capitalization of $45.77 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.38. The company’s 50 day simple moving average is $43.44 and its 200-day simple moving average is $43.80. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 11th. Exelon’s payout ratio is 60.84%.

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.