Nexus Investment Management ULC Sells 900 Shares of Exelon Co. (NASDAQ:EXC)

Nexus Investment Management ULC lowered its position in Exelon Co. (NASDAQ:EXC) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,900 shares of the company’s stock after selling 900 shares during the period. Nexus Investment Management ULC’s holdings in Exelon were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EXC. American National Bank & Trust raised its position in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the third quarter worth $32,000. Versant Capital Management Inc grew its stake in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after acquiring an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Exelon in the 2nd quarter valued at $57,000. Finally, UMB Bank n.a. lifted its stake in Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after purchasing an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank increased their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.38.

Exelon Trading Up 0.2 %

Shares of NASDAQ EXC opened at $39.42 on Friday. The stock has a market capitalization of $39.61 billion, a P/E ratio of 16.22, a PEG ratio of 2.48 and a beta of 0.55. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19. The business’s 50 day moving average is $38.01 and its two-hundred day moving average is $38.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, research analysts expect that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.