M&T Bank Corp Sells 3,940 Shares of Exelon Co. (NASDAQ:EXC)

M&T Bank Corp lessened its position in Exelon Co. (NASDAQ:EXC) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,543 shares of the company’s stock after selling 3,940 shares during the period. M&T Bank Corp’s holdings in Exelon were worth $3,933,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EXC. Legal & General Group Plc lifted its holdings in shares of Exelon by 0.6% during the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock worth $477,837,000 after buying an additional 78,316 shares in the last quarter. Northern Trust Corp grew its stake in Exelon by 3.5% during the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock worth $440,852,000 after buying an additional 395,908 shares in the last quarter. Invesco Ltd. increased its holdings in Exelon by 12.2% in the 3rd quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after buying an additional 1,092,736 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Exelon by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,744,354 shares of the company’s stock worth $217,079,000 after purchasing an additional 103,479 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Exelon by 507.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock worth $119,505,000 after acquiring an additional 2,641,756 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 1.0 %

Exelon stock opened at $37.91 on Wednesday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The firm’s 50-day simple moving average is $36.98 and its 200 day simple moving average is $36.97. The stock has a market cap of $37.91 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Research analysts predict that Exelon Co. will post 2.43 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is 65.52%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXC shares. Scotiabank cut their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. BMO Capital Markets lifted their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Bank of America decreased their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Finally, Barclays raised their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $38.83.

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.