Planning Capital Management Corp Sells 350 Shares of Exelon Co. (NASDAQ:EXC)

Planning Capital Management Corp decreased its position in Exelon Co. (NASDAQ:EXC) by 11.7% during the third quarter, HoldingsChannel.com reports. The fund owned 2,643 shares of the company’s stock after selling 350 shares during the quarter. Planning Capital Management Corp’s holdings in Exelon were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Exelon by 28.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,792 shares of the company’s stock worth $931,000 after buying an additional 5,483 shares in the last quarter. US Bancorp DE boosted its stake in Exelon by 0.8% during the first quarter. US Bancorp DE now owns 168,269 shares of the company’s stock worth $6,322,000 after buying an additional 1,298 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Exelon by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,126,655 shares of the company’s stock valued at $42,328,000 after acquiring an additional 36,508 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Exelon by 19.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,253,149 shares of the company’s stock worth $47,081,000 after purchasing an additional 200,798 shares during the period. Finally, Blair William & Co. IL raised its position in Exelon by 5.2% in the 1st quarter. Blair William & Co. IL now owns 28,482 shares of the company’s stock worth $1,070,000 after purchasing an additional 1,406 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.1 %

Exelon stock opened at $38.14 on Thursday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The firm has a market cap of $38.32 billion, a PE ratio of 15.70, a P/E/G ratio of 2.72 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $39.67 and its two-hundred day simple moving average is $37.78.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.33.

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.