Exelon Corporation (NASDAQ:EXC) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC trimmed its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,672 shares of the company's stock after selling 6,357 shares during the period. Richard Bernstein Advisors LLC's holdings in Exelon were worth $5,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Exelon by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 13,399 shares of the company's stock valued at $504,000 after acquiring an additional 6,968 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Exelon during the 4th quarter valued at about $36,000. Assetmark Inc. grew its holdings in Exelon by 16.7% during the 4th quarter. Assetmark Inc. now owns 46,245 shares of the company's stock valued at $1,741,000 after purchasing an additional 6,634 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Exelon during the 4th quarter valued at about $4,289,000. Finally, Raymond James Financial Inc. bought a new position in Exelon during the 4th quarter valued at about $24,283,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

EXC traded up $0.04 on Monday, reaching $43.17. The stock had a trading volume of 4,155,219 shares, compared to its average volume of 7,112,305. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The business's 50-day moving average price is $43.80 and its two-hundred day moving average price is $42.80. The company has a market cap of $43.58 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39.

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 analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. Exelon's payout ratio is 59.48%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXC shares. Wells Fargo & Company increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Guggenheim raised their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. 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. BMO Capital Markets raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. 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 stock. According to MarketBeat.com, Exelon has a consensus rating of "Hold" and a consensus target price 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.