FDx Advisors Inc. Reduces Holdings in Exelon Co. (EXC)

FDx Advisors Inc. cut its holdings in Exelon Co. (NYSE:EXC) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,318 shares of the energy giant’s stock after selling 2,198 shares during the quarter. FDx Advisors Inc.’s holdings in Exelon were worth $2,062,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. raised its holdings in Exelon by 9.0% during the 2nd quarter. Macquarie Group Ltd. now owns 34,000 shares of the energy giant’s stock worth $1,226,000 after buying an additional 2,800 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Exelon during the 3rd quarter worth about $607,000. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 14.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 291,197 shares of the energy giant’s stock worth $10,968,000 after buying an additional 37,405 shares during the period. BB&T Corp raised its holdings in Exelon by 1.0% during the 3rd quarter. BB&T Corp now owns 149,775 shares of the energy giant’s stock worth $5,642,000 after buying an additional 1,421 shares during the period. Finally, Nationwide Fund Advisors raised its holdings in Exelon by 0.3% during the 3rd quarter. Nationwide Fund Advisors now owns 857,371 shares of the energy giant’s stock worth $32,297,000 after buying an additional 2,969 shares during the period. Hedge funds and other institutional investors own 78.42% of the company’s stock.

Several research firms have issued reports on EXC. Morgan Stanley boosted their price objective on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Mizuho began coverage on Exelon in a report on Friday, December 15th. They set an “underperform” rating and a $36.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and set a $43.00 price objective on shares of Exelon in a report on Tuesday, November 7th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, January 24th. Finally, UBS Group began coverage on Exelon in a report on Friday, February 2nd. They set a “buy” rating and a $44.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.91.

In other news, EVP Paymon Aliabadi sold 13,334 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now owns 26,435 shares in the company, valued at approximately $1,073,789.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Exelon Co. (NYSE EXC) opened at $38.24 on Friday. The firm has a market capitalization of $35,937.70, a PE ratio of 9.68, a PEG ratio of 2.43 and a beta of 0.23. Exelon Co. has a twelve month low of $33.30 and a twelve month high of $42.67. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.01.

Exelon (NYSE:EXC) last issued its earnings results on Wednesday, February 7th. The energy giant reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $7.66 billion. Exelon had a net margin of 11.53% and a return on equity of 8.35%. Exelon’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. sell-side analysts forecast that Exelon Co. will post 3.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a $0.345 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.61%. Exelon’s dividend payout ratio is currently 34.94%.

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Exelon Company Profile

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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