Exelon Co. (NASDAQ:EXC) Shares Sold by Atom Investors LP

Atom Investors LP reduced its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 67.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,579 shares of the company's stock after selling 19,743 shares during the quarter. Atom Investors LP's holdings in Exelon were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EXC. J.Safra Asset Management Corp acquired a new stake in Exelon during the 2nd quarter worth approximately $28,000. American National Bank & Trust raised its holdings in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Abound Wealth Management raised its holdings in shares of Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after purchasing an additional 744 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon in the 3rd quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Exelon in the 2nd quarter valued at $41,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 0.3 %

EXC traded up $0.13 on Thursday, reaching $37.98. The company's stock had a trading volume of 4,712,272 shares, compared to its average volume of 6,684,457. The stock has a market cap of $38.16 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The business's 50 day moving average is $39.47 and its 200 day moving average is $37.87.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $0.67 EPS. Exelon's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, November 8th. Exelon's payout ratio is 62.55%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXC. Scotiabank increased their target price 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. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $41.25.

Exelon Company 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.