Exelon Co. (NASDAQ:EXC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Exelon Co. (NASDAQ:EXC) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,279,722 shares of the company’s stock after selling 149,623 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of Exelon worth $81,842,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in shares of Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after purchasing an additional 382 shares in the last quarter. WealthTrust Axiom LLC grew its stake in shares of Exelon by 2.7% during the fourth quarter. WealthTrust Axiom LLC now owns 50,949 shares of the company’s stock valued at $1,829,000 after acquiring an additional 1,345 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Exelon by 18.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 14,215 shares of the company’s stock worth $510,000 after acquiring an additional 2,202 shares in the last quarter. Mather Group LLC. boosted its holdings in Exelon by 17.9% in the fourth quarter. Mather Group LLC. now owns 13,448 shares of the company’s stock valued at $483,000 after purchasing an additional 2,042 shares during the last quarter. Finally, Principle Wealth Partners LLC acquired a new stake in Exelon during the 4th quarter valued at approximately $1,639,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC stock opened at $37.41 on Friday. The company has a market capitalization of $37.39 billion, a P/E ratio of 16.13, a PEG ratio of 2.76 and a beta of 0.53. The company has a quick ratio of 0.73, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The company has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $37.05. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday. TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. BMO Capital Markets lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average target price of $38.83.

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.