Transcend Capital Advisors LLC Decreases Stake in Exelon Co. (NASDAQ:EXC)

Transcend Capital Advisors LLC reduced its position in Exelon Co. (NASDAQ:EXC) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,622 shares of the company’s stock after selling 6,627 shares during the period. Transcend Capital Advisors LLC’s holdings in Exelon were worth $812,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Antonetti Capital Management LLC lifted its stake in shares of Exelon by 98.8% in 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 during the last quarter. Addison Advisors LLC lifted its stake in shares of Exelon by 50.3% in 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 during the last quarter. Fortis Group Advisors LLC bought a new stake in shares of Exelon in the 3rd quarter valued at approximately $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of Exelon in the 4th quarter valued at approximately $34,000. Finally, Peoples Bank KS bought a new stake in shares of Exelon in the 3rd quarter valued at approximately $38,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXC shares. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Barclays increased their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus target price of $38.92.

Exelon Trading Down 0.9 %

EXC opened at $37.32 on Monday. The stock’s fifty day moving average is $36.74 and its two-hundred day moving average is $37.07. The company has a market capitalization of $37.30 billion, a P/E ratio of 16.02, a PEG ratio of 2.72 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 quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.38 dividend. The ex-dividend date was Friday, March 1st. 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 dividend yield of 4.07%. Exelon’s dividend payout ratio (DPR) is currently 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.