DGS Capital Management LLC Decreases Position in Exelon Co. (NASDAQ:EXC)

DGS Capital Management LLC cut its stake in Exelon Co. (NASDAQ:EXC) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,747 shares of the company’s stock after selling 810 shares during the quarter. DGS Capital Management LLC’s holdings in Exelon were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $413,260,000. Lazard Asset Management LLC increased its holdings in shares of Exelon by 805.4% during the 4th quarter. Lazard Asset Management LLC now owns 7,526,759 shares of the company’s stock worth $325,380,000 after buying an additional 6,695,474 shares during the last quarter. Norges Bank acquired a new stake in shares of Exelon during the 4th quarter worth approximately $264,477,000. State Street Corp increased its holdings in shares of Exelon by 5.6% during the 1st quarter. State Street Corp now owns 62,018,881 shares of the company’s stock worth $2,597,969,000 after buying an additional 3,271,744 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Exelon by 507.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock worth $119,505,000 after buying an additional 2,641,756 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXC. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $47.00 to $37.00 in a report on Tuesday, January 2nd. Barclays raised their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, TheStreet cut shares of Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.09.

Exelon Trading Down 1.4 %

NASDAQ EXC opened at $35.75 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market cap of $35.73 billion, a PE ratio of 15.34, a P/E/G ratio of 2.65 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The firm’s fifty day moving average is $36.25 and its two-hundred day moving average is $37.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. Analysts expect that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a yield of 4.25%. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is currently 65.24%.

Exelon Profile

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.