Iowa State Bank Cuts Position in Exelon Co. (NASDAQ:EXC)

Iowa State Bank decreased its stake in Exelon Co. (NASDAQ:EXC) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,818 shares of the company’s stock after selling 1,533 shares during the period. Iowa State Bank’s holdings in Exelon were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in shares of Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after buying an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Exelon by 1.0% in 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. Black Diamond Financial LLC grew its position in shares of Exelon by 2.0% in the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after purchasing an additional 279 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares in the last quarter. Finally, Ledyard National Bank raised its position in shares of Exelon by 5.1% during the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock worth $257,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price 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 lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays raised 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 report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.00.

Exelon Trading Down 0.2 %

Shares of EXC stock traded down $0.09 on Monday, reaching $37.96. 1,753,599 shares of the stock were exchanged, compared to its average volume of 3,505,594. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $38.14 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The firm has a 50 day moving average of $38.14 and a two-hundred day moving average of $38.00. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Exelon 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.