Exelon Corporation $EXC Stake Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Exelon Corporation (NASDAQ:EXC) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,797,816 shares of the company’s stock after selling 55,595 shares during the quarter. Bank of New York Mellon Corp owned 1.27% of Exelon worth $555,681,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Providence Wealth Advisors LLC grew its stake in shares of Exelon by 0.6% in the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after purchasing an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. CWM LLC grew its stake in shares of Exelon by 0.7% in the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after purchasing an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in shares of Exelon by 4.8% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after purchasing an additional 229 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in shares of Exelon by 2.4% in the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXC shares. UBS Group raised their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Evercore ISI started coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 target price for the company. Morgan Stanley raised their target price on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. KeyCorp raised their target price on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Exelon in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Trading Up 0.2%

Shares of NASDAQ EXC opened at $46.20 on Tuesday. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.51. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.93 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $45.25 and a 200-day simple moving average of $44.53.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio is currently 60.84%.

Exelon 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.