Comerica Bank Has $7.35 Million Stake in Exelon Co. (NASDAQ:EXC)

Comerica Bank lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 195,212 shares of the company’s stock after selling 8,780 shares during the period. Comerica Bank’s holdings in Exelon were worth $7,348,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in shares of Exelon in the 4th quarter worth about $28,000. Stephens Consulting LLC boosted its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the fourth quarter valued at about $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. Finally, Evercore ISI increased their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $48.22.

Insider Activity

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Exelon Stock Down 0.3 %

Shares of NASDAQ:EXC opened at $46.48 on Friday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The business has a fifty day moving average price of $45.06 and a two-hundred day moving average price of $41.27. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market capitalization of $46.92 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, May 12th. Exelon’s payout ratio is 65.31%.

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.