Crossmark Global Holdings Inc. Raises Position in Exelon Co. (NASDAQ:EXC)

Crossmark Global Holdings Inc. lifted its stake in Exelon Co. (NASDAQ:EXC) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,214 shares of the company’s stock after buying an additional 7,880 shares during the period. Crossmark Global Holdings Inc.’s holdings in Exelon were worth $2,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXC. American National Bank & Trust boosted its holdings in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Exelon in the third quarter valued at about $32,000. Versant Capital Management Inc boosted its holdings in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Exelon in the second quarter valued at about $57,000. Finally, UMB Bank n.a. boosted its holdings in Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after purchasing an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EXC. Morgan Stanley reduced 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. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Scotiabank increased their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $39.24 on Friday. The stock has a fifty day moving average price of $38.09 and a two-hundred day moving average price of $38.32. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $39.43 billion, a P/E ratio of 16.15, a PEG ratio of 2.69 and a beta of 0.55. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19.

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

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio is presently 62.55%.

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.