Diversified Trust Co Trims Position in Exelon Co. (NASDAQ:EXC)

Diversified Trust Co reduced its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 40.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,190 shares of the company's stock after selling 13,901 shares during the quarter. Diversified Trust Co's holdings in Exelon were worth $699,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. Crewe Advisors LLC bought a new position in Exelon during the 1st quarter valued at about $26,000. Heritage Wealth Advisors boosted its holdings in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company's stock worth $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Exelon in the 1st quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company's stock valued at $27,000 after buying an additional 672 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of Exelon during the 4th quarter valued at $39,000. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Exelon stock traded down $0.10 during mid-day trading on Wednesday, reaching $37.03. 4,332,383 shares of the company's stock traded hands, compared to its average volume of 6,343,884. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $42.15. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average of $35.90 and a two-hundred day moving average of $36.38. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.72 and a beta of 0.52.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities analysts forecast that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, August 12th. Exelon's payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, April 22nd. BMO Capital Markets increased their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Morgan Stanley cut their price objective on shares of Exelon from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, June 24th. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Finally, Barclays boosted their price target on Exelon from $39.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.27.

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.