Miller Howard Investments Inc. NY Cuts Stock Position in Exelon Co. (NASDAQ:EXC)

Miller Howard Investments Inc. NY trimmed its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,398,621 shares of the company's stock after selling 272,564 shares during the period. Exelon accounts for 1.7% of Miller Howard Investments Inc. NY's portfolio, making the stock its 23rd largest holding. Miller Howard Investments Inc. NY owned approximately 0.14% of Exelon worth $50,211,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of EXC. State Street Corp boosted its stake in Exelon by 5.6% in the 1st quarter. State Street Corp now owns 62,018,881 shares of the company's stock worth $2,597,969,000 after purchasing an additional 3,271,744 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Exelon by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company's stock worth $1,232,236,000 after acquiring an additional 343,201 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exelon by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 18,515,401 shares of the company's stock worth $773,655,000 after acquiring an additional 263,797 shares during the last quarter. Lazard Asset Management LLC grew its position in Exelon by 133.2% in the 2nd quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company's stock valued at $707,721,000 after acquiring an additional 9,923,059 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Exelon by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 12,644,485 shares of the company's stock worth $477,837,000 after purchasing an additional 78,316 shares during the period. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Bank of America lowered their target price on shares of Exelon from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 19th. Guggenheim cut shares of Exelon from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $44.00 to $40.00 in a research note on Friday, December 15th. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, March 14th. Mizuho upgraded shares of Exelon from a "neutral" rating to a "buy" rating and lifted their price target for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. Finally, Seaport Res Ptn lowered Exelon from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.09.

Exelon Trading Up 0.2 %

NASDAQ EXC traded up $0.09 on Tuesday, reaching $37.87. The company had a trading volume of 3,782,749 shares, compared to its average volume of 6,907,768. The stock's 50 day moving average is $35.98 and its 200-day moving average is $37.21. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.71. The stock has a market cap of $37.85 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.72 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts predict that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 1st. This is a boost from Exelon's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. Exelon's dividend payout ratio is 65.24%.

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.