Acropolis Investment Management LLC Trims Stake in Exelon Co. (NASDAQ:EXC)

Acropolis Investment Management LLC cut its position in shares of Exelon Co. (NASDAQ:EXC) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,153 shares of the company’s stock after selling 403 shares during the period. Acropolis Investment Management LLC’s holdings in Exelon were worth $194,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Czech National Bank grew its position in Exelon by 7.0% in the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after acquiring an additional 14,158 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the last quarter. State Street Corp increased its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Exelon by 110.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock valued at $2,423,000 after buying an additional 31,415 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

Shares of EXC stock opened at $38.02 on Thursday. The company has a market cap of $38.20 billion, a P/E ratio of 15.65, a PEG ratio of 2.63 and a beta of 0.55. 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 stock’s 50-day moving average is $37.96 and its 200 day moving average is $38.15. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Research analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Analyst Ratings Changes

A number of brokerages have commented on EXC. Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. 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 research note on Friday, November 22nd. Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.38.

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.