DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 115,647 Shares of Exelon Co. (NASDAQ:EXC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 685,247 shares of the company's stock after selling 115,647 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.07% of Exelon worth $25,793,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EXC. Millstone Evans Group LLC purchased a new stake in shares of Exelon in the fourth quarter worth $28,000. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the 4th quarter valued at approximately $30,000. Crews Bank & Trust acquired a new stake in Exelon during the 4th quarter worth $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 1.7%

Shares of NASDAQ EXC traded down $0.75 during midday trading on Wednesday, hitting $42.22. 5,715,401 shares of the company's stock were exchanged, compared to its average volume of 8,071,190. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market cap of $42.62 billion, a PE ratio of 17.23, a P/E/G ratio of 2.86 and a beta of 0.43. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The firm's fifty day simple moving average is $45.24 and its 200-day simple moving average is $41.49.

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

Exelon Dividend Announcement

The company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio (DPR) is currently 59.48%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent research reports. UBS Group upped their target price on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Evercore ISI increased their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research note on Wednesday. Finally, Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $47.30.

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.