Janus Henderson Group PLC Cuts Position in Exelon Co. (NASDAQ:EXC)

Janus Henderson Group PLC reduced its position in shares of Exelon Co. (NASDAQ:EXC) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 132,827 shares of the company’s stock after selling 3,398 shares during the period. Janus Henderson Group PLC’s holdings in Exelon were worth $5,002,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new position in Exelon during the 4th quarter valued at about $28,000. Stephens Consulting LLC increased its stake in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in shares of Exelon during the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new position in shares of Exelon in the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 1.5%

EXC opened at $44.09 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The business’s 50 day moving average is $45.23 and its two-hundred day moving average is $41.57. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Exelon Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. Exelon’s payout ratio is 59.48%.

Analyst Ratings Changes

A number of research firms have issued reports on EXC. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Evercore ISI increased their price target on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.30.

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.