Exelon Co. (NASDAQ:EXC) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lessened its stake in Exelon Co. (NASDAQ:EXC) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,082 shares of the company’s stock after selling 1,250 shares during the period. Peapack Gladstone Financial Corp’s holdings in Exelon were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust increased its holdings in shares of 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 purchasing an additional 447 shares during the period. Ashton Thomas Securities LLC purchased a new position in Exelon in the 3rd quarter valued at $32,000. Abound Wealth Management increased its stake in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Exelon during the 2nd quarter worth $41,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Exelon in the 2nd quarter worth $57,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley dropped their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank raised their target price on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.55.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC opened at $36.87 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm’s 50-day moving average is $39.02 and its two-hundred day moving average is $37.88. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a market capitalization of $37.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 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 analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 8th. Exelon’s payout ratio is 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.