Montag A & Associates Inc. Decreases Stake in Exelon Co. (NYSE:EXC)

Montag A & Associates Inc. reduced its position in Exelon Co. (NYSE:EXC) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,724 shares of the energy giant’s stock after selling 350 shares during the period. Montag A & Associates Inc.’s holdings in Exelon were worth $1,774,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EXC. First Trust Advisors LP raised its stake in shares of Exelon by 9.1% in the 3rd quarter. First Trust Advisors LP now owns 2,371,665 shares of the energy giant’s stock valued at $114,575,000 after purchasing an additional 198,348 shares in the last quarter. Unigestion Holding SA raised its stake in shares of Exelon by 1.7% in the 3rd quarter. Unigestion Holding SA now owns 2,038,530 shares of the energy giant’s stock valued at $98,482,000 after purchasing an additional 33,384 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Exelon by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,643 shares of the energy giant’s stock valued at $1,963,000 after purchasing an additional 907 shares in the last quarter. Bartlett & Co. LLC raised its stake in shares of Exelon by 77.5% in the 3rd quarter. Bartlett & Co. LLC now owns 678 shares of the energy giant’s stock valued at $33,000 after purchasing an additional 296 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its stake in shares of Exelon by 17.9% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 52,800 shares of the energy giant’s stock valued at $2,551,000 after purchasing an additional 8,000 shares in the last quarter. 78.99% of the stock is owned by institutional investors.

EXC has been the topic of a number of recent analyst reports. Argus restated a “buy” rating and issued a $53.00 target price on shares of Exelon in a research note on Wednesday, September 18th. Credit Suisse Group cut their target price on shares of Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Barclays restated a “buy” rating and issued a $54.00 target price on shares of Exelon in a research note on Thursday, September 26th. Wells Fargo & Co set a $54.00 target price on shares of Exelon and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho dropped their price objective on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Exelon presently has a consensus rating of “Buy” and an average target price of $52.00.

EXC traded up $0.01 on Friday, hitting $44.71. 4,067,646 shares of the company’s stock were exchanged, compared to its average volume of 5,601,188. The firm has a market cap of $43.55 billion, a PE ratio of 14.33, a P/E/G ratio of 4.50 and a beta of 0.26. Exelon Co. has a twelve month low of $43.10 and a twelve month high of $51.18. The stock has a fifty day moving average of $46.74 and a two-hundred day moving average of $47.74. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.70 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. Exelon’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts predict that Exelon Co. will post 3.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.3625 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.45 annualized dividend and a yield of 3.24%. Exelon’s dividend payout ratio (DPR) is 46.47%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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