Exelon Co. (NASDAQ:EXC) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 124,157 shares of the company's stock after selling 60,538 shares during the quarter. USS Investment Management Ltd's holdings in Exelon were worth $4,675,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Millstone Evans Group LLC purchased a new stake in Exelon during the 4th quarter worth approximately $28,000. Stephens Consulting LLC increased its stake in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in Exelon during the 4th quarter worth approximately $30,000. Crews Bank & Trust purchased a new stake in Exelon during the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC increased its stake in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after buying an additional 513 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent analyst reports. UBS Group increased 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. Morgan Stanley dropped their price objective on shares of 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 downgraded 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. Guggenheim increased 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, BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Exelon has an average rating of "Hold" and an average target price of $47.30.

Exelon Stock Down 1.2%

Shares of NASDAQ EXC traded down $0.54 during mid-day trading on Wednesday, reaching $43.38. The company had a trading volume of 959,303 shares, compared to its average volume of 7,295,310. 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 50 day simple moving average of $45.22 and a two-hundred day simple moving average of $41.83. The stock has a market cap of $43.79 billion, a P/E ratio of 17.70, a PEG 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 posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company's revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. Sell-side analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio (DPR) 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.