Community Bank & Trust Waco Texas Lowers Position in Exelon Co. (NASDAQ:EXC)

Community Bank & Trust Waco Texas lessened its stake in Exelon Co. (NASDAQ:EXC) by 16.3% during the 4th quarter, HoldingsChannel reports. The firm owned 10,069 shares of the company’s stock after selling 1,960 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Exelon were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Illinois Municipal Retirement Fund boosted its position in Exelon by 118.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 315,298 shares of the company’s stock worth $11,319,000 after purchasing an additional 170,941 shares in the last quarter. Aspire Private Capital LLC acquired a new position in shares of Exelon during the 4th quarter worth approximately $119,000. Significant Wealth Partners LLC acquired a new position in Exelon during the 4th quarter worth approximately $376,000. Diversified LLC lifted its holdings in shares of Exelon by 24.4% in the 4th quarter. Diversified LLC now owns 8,537 shares of the company’s stock valued at $306,000 after buying an additional 1,674 shares during the period. Finally, Duality Advisers LP boosted its stake in shares of Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after buying an additional 84,498 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.5 %

Shares of EXC stock traded down $0.17 during trading hours on Tuesday, hitting $37.50. 3,049,348 shares of the company were exchanged, compared to its average volume of 6,627,909. The stock has a market capitalization of $37.48 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.74 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The business’s 50-day simple moving average is $36.49 and its two-hundred day simple moving average is $37.11. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

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 analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. Sell-side analysts predict that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s dividend payout ratio is presently 65.24%.

Analyst Ratings Changes

A number of equities research analysts have commented on EXC shares. Barclays raised their target price on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Wells Fargo & Company lowered their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Bank of America decreased their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Scotiabank lowered their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Seaport Res Ptn downgraded shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.92.

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.