Ameriprise Financial Inc. Sells 108,886 Shares of Exelon Co. (NASDAQ:EXC)

Ameriprise Financial Inc. lessened its position in Exelon Co. (NASDAQ:EXC - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 782,894 shares of the company's stock after selling 108,886 shares during the quarter. Ameriprise Financial Inc. owned 0.08% of Exelon worth $29,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Norges Bank bought a new position in shares of Exelon during the fourth quarter valued at about $479,597,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. FMR LLC boosted its holdings in shares of Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after purchasing an additional 3,068,309 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. Finally, Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.30.

Exelon Stock Up 0.7%

Shares of EXC stock traded up $0.30 during trading hours on Monday, hitting $44.39. 6,429,427 shares of the company's stock traded hands, compared to its average volume of 7,283,812. The stock's fifty day simple moving average is $45.26 and its two-hundred day simple moving average is $41.62. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The stock has a market cap of $44.81 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.86 and a beta of 0.43. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the business earned $0.68 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.60%. Exelon's payout ratio is 59.48%.

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.