STF Management LP Sells 1,761 Shares of Exelon Co. (NASDAQ:EXC)

STF Management LP lowered its stake in Exelon Co. (NASDAQ:EXC) by 10.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,412 shares of the company’s stock after selling 1,761 shares during the quarter. STF Management LP’s holdings in Exelon were worth $584,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Exelon in the 1st quarter worth approximately $26,000. American National Bank & Trust raised its position in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the period. Versant Capital Management Inc lifted its stake in shares of Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Exelon in the 3rd quarter valued at $32,000. Finally, J.Safra Asset Management Corp bought a new position in Exelon in the 2nd quarter worth $28,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Price Performance

Shares of EXC stock opened at $39.30 on Friday. The stock’s fifty day simple moving average is $39.67 and its 200 day simple moving average is $37.83. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The firm has a market cap of $39.48 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the business earned $0.67 EPS. Exelon’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

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.