Maple Brown Abbott Ltd Has $86.92 Million Holdings in Exelon Co. (NASDAQ:EXC)

Maple Brown Abbott Ltd cut its holdings in Exelon Co. (NASDAQ:EXC) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,308,230 shares of the company’s stock after selling 23,480 shares during the quarter. Exelon comprises about 10.6% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 2nd biggest holding. Maple Brown Abbott Ltd owned 0.23% of Exelon worth $86,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American National Bank & Trust grew its holdings in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Exelon in the 3rd quarter worth about $32,000. Versant Capital Management Inc lifted its stake in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after buying an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Exelon in the second quarter worth about $57,000. Finally, UMB Bank n.a. increased its position in shares of Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after acquiring an additional 735 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on EXC shares. Barclays decreased their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank upped their target price on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Price Performance

NASDAQ EXC opened at $39.38 on Monday. The company has a 50 day moving average price of $38.12 and a two-hundred day moving average price of $38.39. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The stock has a market capitalization of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 EPS. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon’s payout ratio is currently 62.55%.

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.