Exelon Corporation $EXC Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in shares of Exelon Corporation (NASDAQ:EXC) by 25.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,816,329 shares of the company’s stock after selling 615,597 shares during the quarter. Russell Investments Group Ltd.’s holdings in Exelon were worth $73,484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Point Windward Advisors Inc. lifted its stake in shares of Exelon by 6.9% in the 3rd quarter. Point Windward Advisors Inc. now owns 26,349 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,708 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Exelon by 13.2% in the third quarter. Jacobi Capital Management LLC now owns 21,537 shares of the company’s stock worth $870,000 after buying an additional 2,505 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in shares of Exelon by 199.8% in the third quarter. First Command Advisory Services Inc. now owns 8,590 shares of the company’s stock worth $347,000 after buying an additional 5,725 shares during the last quarter. Searle & CO. bought a new stake in Exelon during the third quarter valued at approximately $342,000. Finally, Csenge Advisory Group grew its position in Exelon by 6.6% during the third quarter. Csenge Advisory Group now owns 8,779 shares of the company’s stock valued at $355,000 after buying an additional 544 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Morgan Stanley decreased their target price on Exelon from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Jefferies Financial Group reiterated a “hold” rating on shares of Exelon in a research report on Wednesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Finally, Barclays reduced their price target on Exelon from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus target price of $48.33.

Exelon Stock Performance

NASDAQ EXC traded up $0.62 on Friday, reaching $46.25. 6,433,400 shares of the stock were exchanged, compared to its average volume of 8,510,895. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. Exelon Corporation has a one year low of $39.73 and a one year high of $50.65. The firm has a market capitalization of $47.86 billion, a PE ratio of 18.00, a PEG ratio of 2.49 and a beta of 0.24. The company’s 50-day simple moving average is $43.22 and its two-hundred day simple moving average is $45.65.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $6.76 billion. Exelon had a net margin of 10.17% and a return on equity of 9.75%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Analysts expect that Exelon Corporation will post 2.87 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Exelon’s payout ratio is 65.37%.

Exelon Profile

Exelon is a regulated energy delivery company that operates electric and natural gas utilities. Its businesses deliver energy to homes and businesses, maintain utility infrastructure, and provide related customer services. The company serves customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and the District of Columbia through utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, then the parent of Commonwealth Edison.