Compagnie Lombard Odier SCmA Sells 2,195 Shares of Exelon Co. (NASDAQ:EXC)

Compagnie Lombard Odier SCmA lowered its position in Exelon Co. (NASDAQ:EXC) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,535 shares of the company’s stock after selling 2,195 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Exelon were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EXC. Norges Bank bought a new stake in Exelon in the fourth quarter worth about $479,597,000. Price T Rowe Associates Inc. MD lifted its stake in Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. FMR LLC lifted its stake in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EXC shares. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. KeyCorp cut Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective on the stock. in a research note on Wednesday, May 14th. Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.40.

Exelon Trading Up 1.8%

Shares of NASDAQ EXC opened at $43.64 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average of $42.17. The firm has a market cap of $44.06 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $0.68 EPS. Exelon’s revenue was up 11.1% on a year-over-year basis. Analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.67%. Exelon’s dividend payout ratio is presently 59.48%.

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.