Harbour Investments Inc. Decreases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Harbour Investments Inc. reduced its holdings in Exelon Co. (NASDAQ:EXC) by 13.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,370 shares of the company’s stock after selling 953 shares during the period. Harbour Investments Inc.’s holdings in Exelon were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC grew its position in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after purchasing an additional 274 shares during the period. Black Diamond Financial LLC increased its position in shares of Exelon by 2.0% during the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after purchasing an additional 279 shares during the last quarter. Ballentine Partners LLC raised its holdings in Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after buying an additional 285 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after buying an additional 304 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have 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 research report on Wednesday, September 25th. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.33.

Exelon Price Performance

EXC opened at $39.11 on Monday. The company has a market capitalization of $39.30 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.79 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The business’s fifty day simple moving average is $39.68 and its 200-day simple moving average is $37.79.

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

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is 62.55%.

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.