Benjamin Edwards Inc. Has $653,000 Holdings in Exelon Co. (NASDAQ:EXC)

Benjamin Edwards Inc. trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 60.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,193 shares of the company’s stock after selling 27,859 shares during the quarter. Benjamin Edwards Inc.’s holdings in Exelon were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EXC. Antonetti Capital Management LLC increased its position in Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Addison Advisors LLC boosted its position in Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares during the period. Fortis Group Advisors LLC acquired a new position in Exelon during the third quarter valued at approximately $31,000. Bruce G. Allen Investments LLC bought a new position in shares of Exelon in the fourth quarter valued at approximately $34,000. Finally, Peoples Bank KS bought a new position in shares of Exelon in the third quarter valued at approximately $38,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

EXC traded down $0.48 during trading on Friday, reaching $37.41. 6,774,446 shares of the company’s stock were exchanged, compared to its average volume of 6,553,027. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The company has a market capitalization of $37.39 billion, a P/E ratio of 16.06, a PEG ratio of 2.76 and a beta of 0.53. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average price of $36.92 and a 200 day moving average price of $37.05.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. As a group, analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio is 65.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Scotiabank cut their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BMO Capital Markets lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America reduced their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.83.

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.