Toronto Dominion Bank Sells 31,481 Shares of Exelon Co. (NASDAQ:EXC)

Toronto Dominion Bank reduced its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 575,709 shares of the company's stock after selling 31,481 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Exelon worth $21,670,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC lifted its stake in Exelon by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Exelon by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares during the last quarter. Finally, 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. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 0.6%

Shares of NASDAQ EXC traded up $0.25 during midday trading on Friday, hitting $43.67. 9,679,452 shares of the company traded hands, compared to its average volume of 7,316,110. 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. The stock has a 50-day moving average price of $45.25 and a 200 day moving average price of $41.75. The firm has a market cap of $44.09 billion, a P/E ratio of 17.82, a P/E/G ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last announced 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 net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion for 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. Exelon's quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is currently 59.48%.

Analyst Ratings Changes

EXC has been the topic of a number of analyst reports. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a research report on Wednesday, May 14th. UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Wells Fargo & Company boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Guggenheim boosted their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $47.30.

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.