Mackenzie Financial Corp Trims Stake in Exelon Co. (NASDAQ:EXC)

Mackenzie Financial Corp lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,254 shares of the company’s stock after selling 44,881 shares during the quarter. Mackenzie Financial Corp’s holdings in Exelon were worth $8,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in Exelon in the fourth quarter worth about $28,000. Stephens Consulting LLC grew its holdings in Exelon by 78.1% in 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. purchased a new stake in Exelon in the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new stake in Exelon in the fourth quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC grew 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. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent research reports. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. KeyCorp cut Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective on the stock. in a research report on Wednesday, May 14th. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $47.30.

Exelon Stock Performance

EXC stock opened at $43.91 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a market cap of $44.33 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The stock’s fifty day moving average price is $45.22 and its 200-day moving average price is $41.83.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.64%. Exelon’s dividend payout ratio (DPR) is 59.48%.

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.