FCG Investment Co Sells 8,903 Shares of Exelon Co. (NASDAQ:EXC)

FCG Investment Co reduced its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,565 shares of the company's stock after selling 8,903 shares during the quarter. FCG Investment Co's holdings in Exelon were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of EXC. State Street Corp boosted its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Geode Capital Management LLC increased its stake in shares of Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock valued at $1,048,823,000 after buying an additional 403,542 shares during the period. FMR LLC lifted its holdings in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after buying an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company's stock valued at $363,626,000 after buying an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock valued at $261,402,000 after buying an additional 123,466 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.4 %

NASDAQ:EXC traded up $0.14 during trading hours on Friday, reaching $39.38. The company's stock had a trading volume of 5,362,623 shares, compared to its average volume of 5,919,122. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. 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 $38.12 and its 200-day moving average is $38.33. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55.

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

Exelon Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXC shares. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday. Scotiabank raised their target price on Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Morgan Stanley lowered 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. Barclays reduced their target price on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and upped their target price for the company from $43.00 to $44.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of "Moderate Buy" and an average price target of $43.13.

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.