Sanibel Captiva Trust Company Inc. Purchases New Position in Exelon Co. (NASDAQ:EXC)

Sanibel Captiva Trust Company Inc. bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,985 shares of the company's stock, valued at approximately $451,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust increased its holdings in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon during the 3rd quarter worth about $32,000. Versant Capital Management Inc boosted its holdings in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock worth $39,000 after buying an additional 379 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Exelon in the 2nd quarter valued at about $57,000. Finally, UMB Bank n.a. raised its holdings in Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company's stock valued at $62,000 after acquiring an additional 735 shares during the period. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of NASDAQ EXC traded up $0.08 during mid-day trading on Monday, reaching $39.42. The company had a trading volume of 6,140,499 shares, compared to its average volume of 5,853,486. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The business's 50-day simple moving average is $38.01 and its 200 day simple moving average is $38.24. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $39.61 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.48 and a beta of 0.55.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. On average, research analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

EXC has been the topic of several research reports. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank upped their price objective 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 dropped their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of "Hold" and an average price target of $43.29.

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.