Exelon Co. (NYSE:EXC) Shares Sold by Standard Life Aberdeen plc
Standard Life Aberdeen plc lessened its stake in shares of Exelon Co. (NYSE:EXC) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,129 shares of the energy giant’s stock after selling 17,271 shares during the quarter. Standard Life Aberdeen plc’s holdings in Exelon were worth $35,247,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in EXC. LFA Lugano Financial Advisors SA purchased a new position in Exelon during the 4th quarter worth $27,000. Ancora Advisors LLC acquired a new position in shares of Exelon during the fourth quarter worth about $31,000. Great Diamond Partners LLC acquired a new position in shares of Exelon during the fourth quarter worth about $30,000. McIlrath & Eck LLC purchased a new position in Exelon during the fourth quarter worth about $32,000. Finally, Citizens Financial Group Inc RI raised its holdings in Exelon by 136.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 715 shares of the energy giant’s stock worth $32,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.
Shares of EXC stock traded up $2.04 during midday trading on Thursday, reaching $36.59. 6,946,966 shares of the company traded hands, compared to its average volume of 7,328,576. The firm’s 50 day simple moving average is $43.57 and its two-hundred day simple moving average is $45.53. Exelon Co. has a 1-year low of $29.28 and a 1-year high of $51.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The firm has a market cap of $30.20 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 4.18%. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, February 19th. Exelon’s payout ratio is presently 49.04%.
A number of equities research analysts have weighed in on EXC shares. Credit Suisse Group lifted their price objective on Exelon from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Vertical Research began coverage on Exelon in a research note on Monday, February 24th. They set a “hold” rating and a $54.00 target price for the company. Argus reduced their price target on Exelon from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Citigroup decreased their price target on Exelon from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Barclays decreased their price target on Exelon from $50.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.08.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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