Prime Capital Investment Advisors LLC Cuts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Prime Capital Investment Advisors LLC lessened its position in Exelon Co. (NASDAQ:EXC) by 17.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,919 shares of the company’s stock after selling 1,855 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Exelon were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Exelon in the 1st quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Exelon during the second quarter worth approximately $28,000. American National Bank & Trust lifted its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Finally, Abound Wealth Management boosted its stake in Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock opened at $39.11 on Friday. The company’s 50 day moving average is $39.68 and its two-hundred day moving average is $37.79. The firm has a market cap of $39.30 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. Exelon’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.89%. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley boosted their target price 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. Jefferies Financial Group began coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have issued 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 $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.