RWC Asset Management LLP Has $20.13 Million Stake in Exelon Co. (NASDAQ:EXC)

RWC Asset Management LLP decreased its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,698 shares of the company's stock after selling 31,666 shares during the period. Exelon accounts for approximately 1.2% of RWC Asset Management LLP's holdings, making the stock its 28th biggest holding. RWC Asset Management LLP owned about 0.06% of Exelon worth $20,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Investment Advisors LLC bought a new stake in Exelon during the 3rd quarter worth about $200,000. Private Trust Co. NA raised its holdings in Exelon by 64.1% during the 3rd quarter. Private Trust Co. NA now owns 13,914 shares of the company's stock worth $526,000 after purchasing an additional 5,434 shares during the last quarter. Caprock Group LLC raised its holdings in Exelon by 42.7% during the 3rd quarter. Caprock Group LLC now owns 12,772 shares of the company's stock worth $483,000 after purchasing an additional 3,822 shares during the last quarter. Oak Thistle LLC bought a new stake in Exelon during the 3rd quarter worth about $795,000. Finally, Czech National Bank raised its holdings in Exelon by 47.8% during the 3rd quarter. Czech National Bank now owns 173,965 shares of the company's stock worth $6,574,000 after purchasing an additional 56,228 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.9 %

Shares of EXC traded down $0.34 during mid-day trading on Friday, hitting $37.32. 5,439,450 shares of the company's stock were exchanged, compared to its average volume of 4,657,864. The company has a market cap of $37.30 billion, a PE ratio of 16.02, a P/E/G ratio of 2.75 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The company has a 50-day simple moving average of $36.74 and a 200 day simple moving average of $37.09. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, research analysts forecast that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend 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 4.07%. Exelon's dividend payout ratio (DPR) is currently 65.24%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXC. StockNews.com raised Exelon from a "sell" rating to a "hold" rating in a report on Monday, March 25th. Scotiabank cut their price target on shares of Exelon from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, April 22nd. Bank of America cut their price target on shares of Exelon from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 19th. Barclays raised their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, March 14th. Finally, TheStreet downgraded shares of Exelon from a "b-" rating to a "c+" rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Exelon has an average rating of "Hold" and an average price target of $38.92.

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.