Kentucky Retirement Systems Insurance Trust Fund Sells 2,613 Shares of Exelon Co. (NASDAQ:EXC)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 7.4% in the 1st quarter, Holdings Channel reports. The firm owned 32,850 shares of the company’s stock after selling 2,613 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Exelon were worth $1,234,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXC. TD Asset Management Inc raised its position in shares of Exelon by 2.3% in the 4th 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. Vanguard Group Inc. raised its position in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. National Bank of Canada FI raised its position in shares of Exelon by 33.9% in the 4th 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. Clearbridge Investments LLC raised its position in shares of Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Finally, Duality Advisers LP raised its position in shares of Exelon by 225.3% in the 4th 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. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.5 %

EXC stock traded up $0.20 during mid-day trading on Monday, reaching $36.95. 662,747 shares of the company traded hands, compared to its average volume of 6,816,930. The stock has a market cap of $36.95 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 2.68 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $42.15. The firm’s 50 day moving average price is $35.84 and its 200 day moving average price is $36.19.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. As a group, equities research analysts predict that Exelon Co. will post 2.43 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.11%. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXC shares. Barclays raised their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company raised their target price on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley reduced their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets raised their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Scotiabank reduced their target price 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. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.09.

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.