Ausbil Investment Management Ltd Decreases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Ausbil Investment Management Ltd trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 32.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,012 shares of the company’s stock after selling 57,295 shares during the quarter. Exelon comprises approximately 2.3% of Ausbil Investment Management Ltd’s portfolio, making the stock its 15th largest holding. Ausbil Investment Management Ltd’s holdings in Exelon were worth $4,505,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EXC. Heritage Wealth Advisors increased its holdings in Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in Exelon in the 3rd quarter valued at approximately $31,000. Bruce G. Allen Investments LLC acquired a new stake in Exelon in the 4th quarter valued at approximately $34,000. OLD Point Trust & Financial Services N A acquired a new stake in Exelon in the 4th quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC increased its holdings in Exelon by 174.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after purchasing an additional 722 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC traded down $0.14 on Friday, reaching $34.56. The company had a trading volume of 259,502 shares, compared to its average volume of 6,843,459. The stock has a 50-day moving average price of $36.89 and a 200-day moving average price of $36.34. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $34.56 billion, a PE ratio of 14.95, a P/E/G ratio of 2.54 and a beta of 0.52.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. As a group, research analysts forecast that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were issued a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.40%. Exelon’s payout ratio is 65.52%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank dropped their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Barclays lifted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. BMO Capital Markets lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.91.

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.