RWC Asset Management LLP Cuts Stake in Exelon Co. (NASDAQ:EXC)

RWC Asset Management LLP reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,698 shares of the company’s stock after selling 31,666 shares during the period. Exelon accounts for about 1.2% of RWC Asset Management LLP’s investment portfolio, making the stock its 28th largest position. RWC Asset Management LLP owned 0.06% of Exelon worth $20,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Antonetti Capital Management LLC raised its holdings in Exelon by 98.8% in the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Addison Advisors LLC raised its holdings in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after buying an additional 276 shares during the period. Fortis Group Advisors LLC purchased a new position in Exelon in the third quarter valued at approximately $31,000. Bruce G. Allen Investments LLC purchased a new position in Exelon in the fourth quarter valued at approximately $34,000. Finally, Peoples Bank KS purchased a new position in Exelon in the third quarter valued at approximately $38,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Exelon stock traded down $0.34 during mid-day trading on Friday, reaching $37.32. The company’s stock had a trading volume of 5,439,450 shares, compared to its average volume of 4,657,864. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.75 and a beta of 0.54. The business has a 50 day moving average price of $36.74 and a 200-day moving average price of $37.10. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.53.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is currently 65.24%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EXC shares. TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Barclays increased their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Bank of America lowered their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Finally, Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus target price of $38.92.

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.