Comerica Bank Trims Holdings in Exelon Co. (NASDAQ:EXC)

Comerica Bank reduced its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,212 shares of the company's stock after selling 8,780 shares during the period. Comerica Bank's holdings in Exelon were worth $7,348,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Exelon in the 3rd quarter worth approximately $376,000. Tidal Investments LLC raised its holdings in Exelon by 6.5% during the 3rd quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock valued at $1,803,000 after buying an additional 2,718 shares during the last quarter. Synovus Financial Corp boosted its position in Exelon by 70.5% during the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock valued at $756,000 after buying an additional 7,713 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Exelon by 17.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company's stock valued at $865,000 after acquiring an additional 3,244 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Exelon by 3.3% during the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock valued at $47,029,000 after acquiring an additional 36,734 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXC. UBS Group boosted their price target on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Guggenheim increased their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Evercore ISI upped their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.22.

Exelon Stock Up 0.2 %

NASDAQ:EXC traded up $0.07 during trading hours on Friday, reaching $45.17. 1,722,483 shares of the company traded hands, compared to its average volume of 7,226,485. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The business's 50-day moving average price is $45.20 and its two-hundred day moving average price is $41.41. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The stock has a market capitalization of $45.60 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 59.48%.

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.