FineMark National Bank & Trust Sells 5,130 Shares of Exelon Co. (NASDAQ:EXC)

FineMark National Bank & Trust trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,737 shares of the company’s stock after selling 5,130 shares during the quarter. FineMark National Bank & Trust’s holdings in Exelon were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC grew its stake in shares of Exelon by 50.3% during the third 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. Moors & Cabot Inc. lifted its holdings in Exelon by 4.5% in the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after buying an additional 303 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in Exelon by 6.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after buying an additional 347 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Exelon by 1.3% in the third quarter. HBK Sorce Advisory LLC now owns 27,689 shares of the company’s stock valued at $1,046,000 after buying an additional 351 shares during the period. Finally, Uncommon Cents Investing LLC lifted its holdings in Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after buying an additional 360 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 0.4 %

Shares of EXC traded down $0.13 during mid-day trading on Friday, hitting $36.90. 1,608,055 shares of the company’s stock were exchanged, compared to its average volume of 6,560,418. The company has a 50-day simple moving average of $37.42 and a 200 day simple moving average of $36.91. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The company has a market cap of $36.90 billion, a PE ratio of 15.96, a P/E/G ratio of 2.76 and a beta of 0.53. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. On average, research analysts forecast that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. Exelon’s dividend payout ratio is 65.52%.

Analyst Ratings Changes

EXC has been the topic of several analyst reports. Barclays increased their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Scotiabank cut their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company increased their target price on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.83.

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.