Exelon Co. (NASDAQ:EXC) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC reduced its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,133 shares of the company's stock after selling 7,675 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Exelon were worth $419,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew 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 last quarter. Merit Financial Group LLC acquired a new position in Exelon during the fourth quarter worth approximately $205,000. Simon Quick Advisors LLC purchased a new stake in Exelon in the fourth quarter valued at approximately $217,000. Wesbanco Bank Inc. boosted its holdings in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Exelon by 10.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,973 shares of the company's stock worth $375,000 after acquiring an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research reports. Guggenheim raised their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. KeyCorp downgraded 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. BMO Capital Markets lifted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.30.

Exelon Price Performance

Shares of NASDAQ EXC traded up $0.24 during midday trading on Tuesday, hitting $43.91. The company had a trading volume of 8,395,466 shares, compared to its average volume of 7,320,426. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The firm has a market capitalization of $44.33 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The business has a 50-day simple moving average of $45.22 and a two-hundred day simple moving average of $41.83. 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 quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter last year, the business posted $0.68 earnings per share. Exelon's revenue was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.64%. Exelon's payout ratio is currently 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.