FCG Investment Co Has $699,000 Stake in Exelon Co. (NASDAQ:EXC)

FCG Investment Co reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 32.4% in the 4th quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in EXC. American National Bank & Trust raised its holdings in 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 acquired a new position in shares of Exelon in the third quarter valued at approximately $32,000. Versant Capital Management Inc increased its stake in shares of Exelon by 56.7% during 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 acquired a new stake in Exelon during the 2nd quarter worth approximately $57,000. Finally, UMB Bank n.a. boosted its stake in 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 purchasing an additional 735 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on EXC. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Morgan Stanley dropped their price objective on shares of 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 upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $44.00 in a research report on Tuesday. Barclays dropped their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Scotiabank increased their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Exelon has an average rating of “Moderate Buy” and an average price target of $43.13.

Exelon Stock Up 0.1 %

Shares of EXC opened at $39.24 on Friday. The firm has a 50 day simple moving average of $38.09 and a two-hundred day simple 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. The company has a market cap of $39.43 billion, a P/E ratio of 16.15, a P/E/G ratio of 2.61 and a beta of 0.55.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company 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%. Exelon’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. Research analysts forecast that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon’s payout ratio is currently 62.55%.

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.