Exelon Corporation $EXC Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 95.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,380 shares of the company’s stock after selling 1,307,265 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Exelon were worth $2,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Exelon during the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its holdings in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Exelon in the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Exelon during the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC bought a new position in Exelon during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.3%

Exelon stock opened at $44.00 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business’s 50-day simple moving average is $43.64 and its 200-day simple moving average is $44.03. The firm has a market capitalization of $44.44 billion, a PE ratio of 16.73, a PEG ratio of 2.61 and a beta of 0.38. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon’s payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent research reports. UBS Group reaffirmed a “neutral” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Wednesday, July 16th. Wells Fargo & Company raised their target price on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets raised their target price on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.20.

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.