Twin Capital Management Inc. Sells 13,142 Shares of Exelon Co. (NASDAQ:EXC)

Twin Capital Management Inc. lessened its stake in shares of Exelon Co. (NASDAQ:EXC) by 41.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,443 shares of the company’s stock after selling 13,142 shares during the period. Twin Capital Management Inc.’s holdings in Exelon were worth $662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Exelon by 262.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,037 shares of the company’s stock worth $109,000 after purchasing an additional 2,200 shares in the last quarter. Steph & Co. increased its holdings in shares of Exelon by 2.0% in the 4th quarter. Steph & Co. now owns 19,831 shares of the company’s stock worth $712,000 after purchasing an additional 397 shares in the last quarter. Maple Brown Abbott Ltd increased its holdings in shares of Exelon by 38.0% in the 4th quarter. Maple Brown Abbott Ltd now owns 2,349,580 shares of the company’s stock worth $84,350,000 after purchasing an additional 646,710 shares in the last quarter. KLCM Advisors Inc. increased its holdings in shares of Exelon by 23.9% in the 4th quarter. KLCM Advisors Inc. now owns 7,503 shares of the company’s stock worth $269,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Exelon by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,014 shares of the company’s stock worth $16,909,000 after purchasing an additional 66,676 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays lifted their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Wells Fargo & Company cut their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Finally, TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.09.

Exelon Price Performance

NASDAQ EXC opened at $37.55 on Friday. The company has a market capitalization of $37.53 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.68 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The business’s fifty day moving average is $36.43 and its 200 day moving average is $37.11. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Sell-side analysts predict that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. Exelon’s payout ratio is presently 65.24%.

About Exelon

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.