Van Hulzen Asset Management LLC Sells 1,267 Shares of Exelon Co. (NASDAQ:EXC)

Van Hulzen Asset Management LLC lowered its stake in shares of Exelon Co. (NASDAQ:EXC) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,377 shares of the company’s stock after selling 1,267 shares during the quarter. Exelon comprises 1.0% of Van Hulzen Asset Management LLC’s holdings, making the stock its 26th largest holding. Van Hulzen Asset Management LLC’s holdings in Exelon were worth $15,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in EXC. Daiwa Securities Group Inc. grew its stake in shares of Exelon by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 189,205 shares of the company’s stock worth $6,548,000 after acquiring an additional 11,757 shares during the last quarter. Andra AP fonden boosted its stake in Exelon by 56.4% in the 2nd quarter. Andra AP fonden now owns 138,100 shares of the company’s stock worth $4,780,000 after purchasing an additional 49,800 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Exelon by 7.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,422 shares of the company’s stock worth $222,000 after purchasing an additional 421 shares in the last quarter. LGT Group Foundation boosted its stake in Exelon by 21.2% in the 2nd quarter. LGT Group Foundation now owns 8,947 shares of the company’s stock worth $310,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Choreo LLC boosted its stake in Exelon by 335.5% in the 2nd quarter. Choreo LLC now owns 24,874 shares of the company’s stock worth $860,000 after purchasing an additional 19,163 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

EXC opened at $38.73 on Tuesday. 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 has a fifty day moving average price of $36.91 and a 200 day moving average price of $36.82. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The stock has a market cap of $38.73 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.77 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) 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 firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the business posted $0.41 EPS. Equities research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays lifted their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley lifted their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Finally, 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 research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.82.

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.