Alps Advisors Inc. Sells 110,378 Shares of Exelon Corporation (NASDAQ:EXC)

Alps Advisors Inc. lowered its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 16.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 546,681 shares of the company's stock after selling 110,378 shares during the quarter. Alps Advisors Inc. owned approximately 0.05% of Exelon worth $25,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Exelon in the fourth quarter worth $479,597,000. Price T Rowe Associates Inc. MD lifted its position in shares of Exelon by 37.2% in 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 buying an additional 7,483,873 shares during the last quarter. FMR LLC boosted its stake in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after acquiring an additional 5,524,103 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after acquiring an additional 3,878,687 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

EXC has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. UBS Group lifted their target price on shares of Exelon from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday. Finally, KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $47.40.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.12 on Friday, hitting $43.51. 5,077,161 shares of the company were exchanged, compared to its average volume of 7,093,809. The company's 50 day moving average price is $43.46 and its two-hundred day moving average price is $43.01. The firm has a market capitalization of $43.93 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.52 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. Exelon Corporation has a one year low of $34.82 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly 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 return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. Exelon's dividend payout ratio is currently 59.48%.

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.