GTS Securities LLC Trims Holdings in Exelon Co. (NASDAQ:EXC)

GTS Securities LLC cut its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 82.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,012 shares of the company's stock after selling 45,624 shares during the period. GTS Securities LLC's holdings in Exelon were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Exelon in the 4th quarter worth approximately $479,597,000. Price T Rowe Associates Inc. MD raised its position in Exelon by 37.2% in the 4th 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 lifted its stake in Exelon by 46.9% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after buying an additional 3,878,687 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after buying an additional 3,068,309 shares during the period. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI lifted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Exelon has a consensus rating of "Hold" and an average price target of $47.30.

Exelon Trading Down 0.0%

Shares of Exelon stock traded down $0.01 during midday trading on Friday, reaching $43.69. 20,942,219 shares of the company's stock traded hands, compared to its average volume of 7,357,326. The company has a market cap of $44.11 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The stock has a 50 day moving average of $45.23 and a 200-day moving average of $41.94. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.66%. Exelon's payout ratio is 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.