Adirondack Trust Co. Sells 770 Shares of Exelon Co. (NASDAQ:EXC)

Adirondack Trust Co. lessened its holdings in Exelon Co. (NASDAQ:EXC) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,289 shares of the company’s stock after selling 770 shares during the quarter. Adirondack Trust Co.’s holdings in Exelon were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Foundations Investment Advisors LLC increased its stake in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after purchasing an additional 275 shares during the period. Ballentine Partners LLC grew its stake in shares of Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after purchasing an additional 285 shares during the period. Finally, Wesbanco Bank Inc. raised its holdings in shares of Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $39.22 on Thursday. The company has a market capitalization of $39.41 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.69 and a beta of 0.55. The firm’s 50 day simple moving average is $38.09 and its 200 day simple moving average is $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 fifty-two week low of $33.35 and a fifty-two week high of $41.19.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. Exelon’s dividend payout ratio is presently 62.55%.

Analyst Ratings Changes

EXC has been the topic of several recent analyst reports. Barclays decreased their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $44.00 in a research note on Tuesday. Scotiabank increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.13.

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.