Hennessy Advisors Inc. Has $5.54 Million Stake in Exelon Co. (NASDAQ:EXC)

Hennessy Advisors Inc. decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,331 shares of the company’s stock after selling 6,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Exelon were worth $5,535,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc raised its stake in Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after acquiring an additional 23,270 shares in the last quarter. Pacer Advisors Inc. raised its stake in Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after acquiring an additional 88,614 shares in the last quarter. National Bank of Canada FI raised its stake in Exelon by 33.9% during the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after acquiring an additional 277,635 shares in the last quarter. Duality Advisers LP raised its stake in Exelon by 225.3% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Exelon by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after buying an additional 200,476 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.10 during mid-day trading on Thursday, reaching $34.70. 4,186,368 shares of the company’s stock were exchanged, compared to its average volume of 6,895,630. The firm has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $36.34. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The firm has a market capitalization of $34.70 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52. 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 (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate 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. Analysts predict that Exelon Co. will post 2.42 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EXC shares. Barclays upped 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. BMO Capital Markets upped their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Scotiabank lowered their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, Morgan Stanley lowered their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.91.

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.