Toronto Dominion Bank Reduces Stock Position in Exelon Co. (NASDAQ:EXC)

Toronto Dominion Bank trimmed its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 575,709 shares of the company's stock after selling 31,481 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Exelon worth $21,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Norges Bank purchased a new stake in shares of Exelon in the fourth quarter worth approximately $479,597,000. Price T Rowe Associates Inc. MD grew its holdings in Exelon by 37.2% during 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 buying an additional 7,483,873 shares in the last quarter. FMR LLC raised its position in Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares during the last quarter. JPMorgan Chase & Co. raised its position in Exelon by 109.0% in the 3rd 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 last quarter. Finally, Vanguard Group Inc. lifted its stake in Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday. 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 report on Friday, March 21st. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Guggenheim increased their price target on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $47.30.

Exelon Trading Down 1.7%

NASDAQ:EXC traded down $0.77 during trading hours on Thursday, hitting $43.42. The company had a trading volume of 6,789,223 shares, compared to its average volume of 7,284,424. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a 50-day moving average price of $45.28 and a 200 day moving average price of $41.65. The company has a market capitalization of $43.83 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11.

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

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Monday, May 12th. 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.