FCG Investment Co Sells 8,903 Shares of Exelon Co. (NASDAQ:EXC)

FCG Investment Co decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,565 shares of the company’s stock after selling 8,903 shares during the quarter. FCG Investment Co’s holdings in Exelon were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American National Bank & Trust raised its position in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares during the period. Ashton Thomas Securities LLC bought a new stake in Exelon in the third quarter valued at approximately $32,000. Versant Capital Management Inc raised its holdings in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Exelon during the second quarter worth $57,000. Finally, UMB Bank n.a. grew its holdings in shares of Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after buying an additional 735 shares during the period. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXC. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday. Barclays decreased their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research note on Tuesday. Finally, Scotiabank increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.13.

Exelon Trading Up 0.1 %

Exelon stock opened at $39.24 on Friday. The company has a market cap of $39.43 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 2.61 and a beta of 0.55. The firm has a 50-day moving average of $38.09 and a 200-day moving average of $38.32. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a one year low of $33.35 and a one year high of $41.19.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

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.