Bank of New Hampshire Sells 375 Shares of Exelon Co. (NASDAQ:EXC)

Bank of New Hampshire lowered its position in Exelon Co. (NASDAQ:EXC) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,290 shares of the company’s stock after selling 375 shares during the period. Bank of New Hampshire’s holdings in Exelon were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Antonetti Capital Management LLC increased its holdings in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Addison Advisors LLC increased its holdings in Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in Exelon during the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC acquired a new stake in Exelon during the 4th quarter valued at $34,000. Finally, Peoples Bank KS acquired a new stake in shares of Exelon in the 3rd quarter valued at $38,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXC. Bank of America lowered their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Wells Fargo & Company lowered their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Scotiabank reduced their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday. Barclays raised their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.92.

Exelon Price Performance

NASDAQ EXC traded down $0.11 on Thursday, hitting $37.66. 3,738,615 shares of the company’s stock were exchanged, compared to its average volume of 6,606,880. The stock has a 50-day moving average of $36.63 and a 200-day moving average of $37.11. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.54. The stock has a market cap of $37.64 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) 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 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 revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Analysts expect that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.38 per share. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s dividend payout ratio (DPR) is presently 65.24%.

About Exelon

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.