Exelon Co. (NASDAQ:EXC) Position Reduced by Argyle Capital Management Inc.

Argyle Capital Management Inc. reduced its position in Exelon Co. (NASDAQ:EXC) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,792 shares of the company’s stock after selling 8,250 shares during the period. Argyle Capital Management Inc.’s holdings in Exelon were worth $890,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EXC. Antonetti Capital Management LLC raised its holdings in shares of Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Addison Advisors LLC grew its stake in Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in Exelon during the 3rd quarter valued at about $31,000. Bruce G. Allen Investments LLC purchased a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Peoples Bank KS purchased a new position in Exelon during the 3rd quarter valued at about $38,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EXC. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Barclays boosted their price target on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Bank of America lowered their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $37.00 in a research note on Tuesday, January 2nd. Finally, Scotiabank lowered their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.92.

Exelon Stock Performance

Shares of EXC stock traded down $0.34 during trading hours on Friday, reaching $37.32. 5,439,450 shares of the company’s stock were exchanged, compared to its average volume of 4,657,864. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The stock has a market capitalization of $37.30 billion, a P/E ratio of 16.02, a P/E/G ratio of 2.72 and a beta of 0.54. The business has a fifty day moving average price of $36.74 and a 200-day moving average price of $37.07. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Analysts predict that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.07%. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s dividend payout ratio is 65.24%.

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.