Hennessy Advisors Inc. Lowers Stock Holdings in Exelon Co. (NASDAQ:EXC)

Hennessy Advisors Inc. trimmed its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,031 shares of the company's stock after selling 7,200 shares during the period. Hennessy Advisors Inc.'s holdings in Exelon were worth $6,637,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXC. Ameriflex Group Inc. acquired a new position in Exelon during the 4th quarter valued at about $25,000. Millstone Evans Group LLC acquired a new position in Exelon during the 4th quarter valued at about $28,000. Capital Advisors Ltd. LLC increased its position 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 buying an additional 513 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Exelon during the 4th quarter valued at about $36,000. Finally, CoreFirst Bank & Trust acquired a new position in Exelon during the 4th quarter valued at about $40,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of EXC stock traded down $0.39 during mid-day trading on Friday, reaching $43.25. The stock had a trading volume of 5,163,805 shares, compared to its average volume of 7,336,736. The business's fifty day moving average is $44.78 and its 200-day moving average is $42.22. 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 firm has a market cap of $43.66 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. On average, research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.70%. Exelon's payout ratio is 59.48%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research report on Wednesday, May 14th. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $47.40.

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.