Principal Financial Group Inc. Reduces Holdings in Exelon Co. (NASDAQ:EXC)

Principal Financial Group Inc. decreased its holdings in shares of Exelon Co. (NASDAQ:EXCFree Report) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,092,808 shares of the company’s stock after selling 5,051 shares during the period. Principal Financial Group Inc.’s holdings in Exelon were worth $41,297,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BDO Wealth Advisors LLC lifted its holdings in Exelon by 189.3% in the second quarter. BDO Wealth Advisors LLC now owns 651 shares of the company’s stock valued at $27,000 after acquiring an additional 426 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Exelon by 53.4% in the second quarter. Capital Advisors Ltd. LLC now owns 704 shares of the company’s stock valued at $29,000 after acquiring an additional 245 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Exelon by 263.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after acquiring an additional 612 shares during the period. Northwest Capital Management Inc acquired a new position in Exelon in the second quarter valued at approximately $38,000. Finally, Peoples Bank KS acquired a new position in shares of Exelon during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXC. Bank of America reduced their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. UBS Group downgraded Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $37.00 in a research note on Tuesday, January 2nd. Morgan Stanley downgraded Exelon from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $45.00 to $38.00 in a research note on Monday, December 18th. Evercore ISI downgraded Exelon from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. Finally, Barclays dropped their price target on Exelon from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.36.

Read Our Latest Analysis on Exelon

Exelon Stock Down 0.3 %

Shares of NASDAQ:EXC opened at $34.75 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.56. The business has a fifty day moving average of $37.18 and a two-hundred day moving average of $39.05. The stock has a market cap of $34.59 billion, a P/E ratio of 16.24, a PEG ratio of 2.54 and a beta of 0.54. Exelon Co. has a 52-week low of $34.05 and a 52-week high of $43.71.

Exelon (NASDAQ:EXCGet Free Report) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Exelon had a net margin of 10.20% and a return on equity of 8.81%. On average, research analysts expect that Exelon Co. will post 2.36 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 67.29%.

Exelon Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NASDAQ:EXCFree Report).

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.