Beck Bode LLC Sells 6,815 Shares of Exelon Co. (NASDAQ:EXC)

Beck Bode LLC trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC) by 21.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,278 shares of the company’s stock after selling 6,815 shares during the quarter. Beck Bode LLC’s holdings in Exelon were worth $875,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EXC. Lazard Asset Management LLC boosted its stake in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Vanguard Group Inc. boosted its position in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the period. Norges Bank bought a new position in shares of Exelon during the fourth quarter worth about $382,015,000. Los Angeles Capital Management LLC raised its position in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares during the last quarter. Finally, Swedbank AB bought a new stake in Exelon in the 1st quarter valued at approximately $96,859,000. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC opened at $40.20 on Wednesday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.82. The firm has a market capitalization of $40.22 billion, a PE ratio of 17.33, a PEG ratio of 2.88 and a beta of 0.53. The company’s 50-day moving average is $37.55 and its 200-day moving average is $36.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Morgan Stanley upped their target price on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.82.

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.