Asset Dedication LLC Sells 9,194 Shares of Exelon Co. (NASDAQ:EXC)

Asset Dedication LLC reduced its position in Exelon Co. (NASDAQ:EXC) by 92.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 736 shares of the company’s stock after selling 9,194 shares during the quarter. Asset Dedication LLC’s holdings in Exelon were worth $28,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EXC. American National Bank & Trust lifted its holdings in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the 3rd quarter valued at about $32,000. Versant Capital Management Inc boosted its position in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Exelon during the second quarter worth approximately $57,000. Finally, UMB Bank n.a. increased its holdings in Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock worth $62,000 after purchasing an additional 735 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on EXC shares. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays reduced their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Scotiabank upped their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average target price of $43.13.

Exelon Stock Performance

Shares of EXC opened at $40.02 on Friday. The firm has a market capitalization of $40.21 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.61 and a beta of 0.55. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19. The stock has a 50 day moving average price of $38.18 and a two-hundred day moving average price of $38.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Equities analysts forecast that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

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.