Exelon Co. (NASDAQ:EXC) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in Exelon Co. (NASDAQ:EXC) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,665 shares of the company’s stock after selling 5,693 shares during the period. Kentucky Retirement Systems’ holdings in Exelon were worth $2,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock valued at $689,000 after acquiring an additional 1,367 shares in the last quarter. Empirical Finance LLC increased its position in Exelon by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 34,193 shares of the company’s stock worth $1,387,000 after purchasing an additional 741 shares in the last quarter. CIBC Asset Management Inc raised its stake in Exelon by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 310,238 shares of the company’s stock valued at $12,580,000 after purchasing an additional 17,135 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Exelon by 10.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock valued at $282,000 after purchasing an additional 638 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Exelon by 12.5% during the 3rd quarter. Metis Global Partners LLC now owns 85,400 shares of the company’s stock worth $3,463,000 after purchasing an additional 9,469 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 2.6 %

NASDAQ:EXC opened at $39.11 on Monday. The stock has a 50-day simple moving average of $39.68 and a 200 day simple moving average of $37.79. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The company has a market capitalization of $39.30 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.89%. Exelon’s payout ratio is currently 62.55%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXC. Scotiabank boosted their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, 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 objective on the stock. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $41.33.

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.