Quent Capital LLC Has $136,000 Stake in Exelon Co. (NASDAQ:EXC)

Quent Capital LLC decreased its stake in Exelon Co. (NASDAQ:EXC) by 33.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,938 shares of the company’s stock after selling 1,990 shares during the quarter. Quent Capital LLC’s holdings in Exelon were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings in shares of Exelon by 174.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after purchasing an additional 722 shares in the last quarter. Trust Point Inc. bought a new position in shares of Exelon during the 4th quarter valued at $374,000. Ballentine Partners LLC bought a new position in Exelon in the 4th quarter worth $216,000. International Assets Investment Management LLC raised its holdings in Exelon by 3,481.3% in the 4th quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock worth $28,695,000 after acquiring an additional 776,997 shares during the period. Finally, Allworth Financial LP raised its holdings in Exelon by 36.5% in the 4th quarter. Allworth Financial LP now owns 24,940 shares of the company’s stock worth $895,000 after acquiring an additional 6,663 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday. Morgan Stanley dropped their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Scotiabank dropped their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $39.27.

Exelon Price Performance

Shares of Exelon stock traded up $0.07 during trading on Tuesday, hitting $37.59. 6,324,867 shares of the company’s stock traded hands, compared to its average volume of 6,865,865. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm’s fifty day moving average price is $35.85 and its 200 day moving average price is $36.26. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The company has a market cap of $37.59 billion, a PE ratio of 16.24, a PEG ratio of 2.79 and a beta of 0.52.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business earned $0.41 EPS. Analysts forecast that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 4.04%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

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.