OLD National Bancorp IN Decreases Stock Holdings in Exelon Co. (NASDAQ:EXC)

OLD National Bancorp IN lowered its position in Exelon Co. (NASDAQ:EXC) by 34.9% during the third quarter, Holdings Channel reports. The institutional investor owned 8,433 shares of the company’s stock after selling 4,524 shares during the quarter. OLD National Bancorp IN’s holdings in Exelon were worth $342,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EXC. Lazard Asset Management LLC boosted its holdings in Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake 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 worth $124,024,000 after purchasing an additional 3,115,763 shares in the last quarter. Swedbank AB purchased a new stake in Exelon during the 1st quarter worth approximately $96,859,000. Finally, M&G Plc acquired a new position in Exelon during the 1st quarter valued at approximately $89,266,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.1 %

EXC stock opened at $40.53 on Wednesday. The firm’s fifty day moving average is $39.31 and its 200 day moving average is $37.57. The firm has a market cap of $40.55 billion, a PE ratio of 16.68, a P/E/G ratio of 2.96 and a beta of 0.53. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the business earned $0.41 EPS. On average, research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.75%. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXC. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.33.

Exelon Company 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.