Connor Clark & Lunn Investment Management Ltd. Trims Stock Holdings in Exelon Co. (NASDAQ:EXC)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 42.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,833 shares of the company's stock after selling 55,024 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Exelon were worth $3,034,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company's stock valued at $27,000 after acquiring an additional 672 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Exelon in the second quarter valued at approximately $28,000. American National Bank & Trust grew its holdings in Exelon by 178.8% during 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 period. Abound Wealth Management raised its stake in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after buying an additional 744 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Exelon during the 3rd quarter valued at $32,000. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on EXC. Jefferies Financial Group initiated 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. Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, August 2nd. Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.25.

Exelon Price Performance

EXC traded up $0.42 during trading on Monday, reaching $39.13. The stock had a trading volume of 7,011,856 shares, compared to its average volume of 6,743,167. The business has a 50-day moving average of $39.61 and a 200-day moving average of $37.84. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. 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 stock has a market cap of $39.32 billion, a PE ratio of 16.10, a PEG ratio of 2.76 and a beta of 0.54.

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

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.88%. Exelon's dividend payout ratio (DPR) is currently 62.55%.

About Exelon

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.