Exelon Co. (NASDAQ:EXC) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lessened its holdings in Exelon Co. (NASDAQ:EXC) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,632 shares of the company’s stock after selling 470 shares during the quarter. Tompkins Financial Corp’s holdings in Exelon were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in shares of Exelon by 192.7% during the second quarter. Federated Hermes Inc. now owns 16,856 shares of the company’s stock worth $583,000 after purchasing an additional 11,098 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Exelon by 11.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,407 shares of the company’s stock worth $360,000 after purchasing an additional 1,050 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after buying an additional 237,950 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Exelon by 37.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 16,604 shares of the company’s stock valued at $575,000 after buying an additional 4,517 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Exelon by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company’s stock worth $7,123,000 after buying an additional 1,653 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Up 3.5 %

Shares of NASDAQ EXC opened at $39.34 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average of $37.98 and a 200 day moving average of $38.15. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The stock has a market cap of $39.53 billion, a PE ratio of 16.19, a P/E/G ratio of 2.48 and a beta of 0.55.

Exelon (NASDAQ:EXC) last posted 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. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon’s dividend payout ratio is presently 62.55%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EXC shares. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Scotiabank boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.38.

About Exelon

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.