Sentinus LLC Reduces Stake in Exelon Co. (NASDAQ:EXC)

Sentinus LLC decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 18.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,330 shares of the company’s stock after selling 2,044 shares during the period. Sentinus LLC’s holdings in Exelon were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. SIR Capital Management L.P. lifted its holdings in Exelon by 52.2% during the 4th quarter. SIR Capital Management L.P. now owns 435,014 shares of the company’s stock worth $16,374,000 after purchasing an additional 149,200 shares in the last quarter. Royal Bank of Canada lifted its holdings in Exelon by 125.6% during the 4th quarter. Royal Bank of Canada now owns 3,838,729 shares of the company’s stock worth $144,489,000 after purchasing an additional 2,137,439 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Exelon by 13.1% during the 4th quarter. Rafferty Asset Management LLC now owns 459,964 shares of the company’s stock worth $17,313,000 after purchasing an additional 53,289 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Exelon in the 4th quarter worth about $875,000. Finally, ProShare Advisors LLC increased its stake in Exelon by 18.6% in the 4th quarter. ProShare Advisors LLC now owns 1,412,224 shares of the company’s stock worth $53,156,000 after acquiring an additional 221,831 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of Exelon stock opened at $44.09 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $44.51 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business’s 50-day moving average price is $45.23 and its 200-day moving average price is $41.56. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

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

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.63%. Exelon’s payout ratio is 59.48%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXC shares. Barclays upped their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. UBS Group upped their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Scotiabank upped their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, KeyCorp lowered Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price on the stock. in a research note on Wednesday. One research 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, the stock currently has a consensus rating of “Hold” and an average price target of $47.30.

Exelon 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.