PNC Financial Services Group Inc. Cuts Position in Exelon Co. (NASDAQ:EXC)

PNC Financial Services Group Inc. trimmed its holdings in shares of Exelon Co. (NASDAQ:EXCFree Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 336,567 shares of the company’s stock after selling 13,026 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Exelon were worth $12,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Antonetti Capital Management LLC lifted its stake in Exelon by 98.8% in the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Addison Advisors LLC increased its holdings in Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after acquiring an additional 276 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in Exelon during the third quarter valued at about $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Exelon in the fourth quarter worth about $34,000. Finally, Operose Advisors LLC raised its position in shares of Exelon by 334.6% in the third quarter. Operose Advisors LLC now owns 1,104 shares of the company’s stock valued at $42,000 after purchasing an additional 850 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.6 %

EXC stock opened at $37.90 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The stock has a market capitalization of $37.90 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.81 and a beta of 0.53. The business has a fifty day moving average price of $37.41 and a 200-day moving average price of $36.90.

Exelon (NASDAQ:EXCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Equities analysts forecast that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXC shares. BMO Capital Markets lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their target price on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Barclays increased their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus target price of $38.83.

Get Our Latest Stock Analysis on EXC

Exelon Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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