Rockefeller Capital Management L.P. Sells 14,381 Shares of Exelon Co. (NASDAQ:EXC)

Rockefeller Capital Management L.P. reduced its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,606 shares of the company's stock after selling 14,381 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Exelon were worth $5,781,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC boosted its holdings in Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company's stock worth $305,000 after purchasing an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company's stock worth $1,151,000 after purchasing an additional 274 shares during the last quarter. Black Diamond Financial LLC boosted its holdings in Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company's stock worth $487,000 after purchasing an additional 279 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company's stock worth $565,000 after purchasing an additional 285 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company's stock worth $326,000 after purchasing an additional 304 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock traded up $0.27 during midday trading on Thursday, reaching $38.12. The company had a trading volume of 1,838,152 shares, compared to its average volume of 6,672,092. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The company has a market capitalization of $38.30 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.72 and a beta of 0.54. The firm has a 50-day moving average price of $39.47 and a 200-day moving average price of $37.87.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.99%. Exelon's dividend payout ratio (DPR) is presently 62.55%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley dropped their target price 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. 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 target price on the stock. Scotiabank boosted their target price 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. Barclays boosted their target price 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. Finally, UBS Group boosted their target price 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. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of "Hold" and an average target price of $41.25.

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.