RWC Asset Management LLP Sells 31,666 Shares of Exelon Co. (NASDAQ:EXC)

RWC Asset Management LLP cut its position in shares of Exelon Co. (NASDAQ:EXC) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 560,698 shares of the company’s stock after selling 31,666 shares during the period. Exelon accounts for about 1.2% of RWC Asset Management LLP’s investment portfolio, making the stock its 28th largest holding. RWC Asset Management LLP’s holdings in Exelon were worth $20,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EXC. Antonetti Capital Management LLC increased its position in shares of Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Addison Advisors LLC raised its stake 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 acquiring an additional 276 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in Exelon during the third quarter worth $31,000. Bruce G. Allen Investments LLC acquired a new position in Exelon during the fourth quarter worth $34,000. Finally, Peoples Bank KS acquired a new position in Exelon during the third quarter worth $38,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Barclays increased their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Bank of America lowered their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.92.

Exelon Trading Down 0.9 %

Exelon stock traded down $0.34 during mid-day trading on Friday, hitting $37.32. The stock had a trading volume of 5,439,450 shares, compared to its average volume of 4,657,864. The stock has a 50-day simple moving average of $36.74 and a two-hundred day simple moving average of $37.10. The stock has a market capitalization of $37.30 billion, a PE ratio of 16.02, a P/E/G ratio of 2.75 and a beta of 0.54. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) 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 analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. As a group, sell-side analysts forecast that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.38 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a yield of 4.07%. Exelon’s dividend payout ratio (DPR) is currently 65.24%.

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.