Swiss National Bank Reduces Stock Holdings in Exelon Co. (NASDAQ:EXC)

Swiss National Bank reduced its position in shares of Exelon Co. (NASDAQ:EXC) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,112,055 shares of the company’s stock after selling 87,000 shares during the quarter. Swiss National Bank’s holdings in Exelon were worth $111,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of Exelon by 85.7% during the 4th quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after buying an additional 88,614 shares during the last quarter. Duality Advisers LP grew its position in Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after acquiring an additional 84,498 shares during the period. Raymond James & Associates increased its stake in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after acquiring an additional 91,088 shares during the last quarter. Principle Wealth Partners LLC purchased a new stake in Exelon in the fourth quarter valued at $1,639,000. Finally, Invesco Ltd. raised its position in Exelon by 12.2% in the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after purchasing an additional 1,092,736 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC stock opened at $37.41 on Friday. The business has a 50 day moving average price of $36.94 and a 200 day moving average price of $37.03. The company has a quick ratio of 0.73, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The stock has a market cap of $37.39 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.72 and a beta of 0.53. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53.

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

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.06%. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays lifted their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. Scotiabank lowered their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.83.

Exelon Company 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.