Transcend Capital Advisors LLC Has $900,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Transcend Capital Advisors LLC cut its holdings in shares of Exelon Co. (NASDAQ:EXC) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,991 shares of the company’s stock after selling 669 shares during the period. Transcend Capital Advisors LLC’s holdings in Exelon were worth $900,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Crewe Advisors LLC bought a new stake in shares of Exelon in the 1st quarter valued at $26,000. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after buying an additional 495 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Exelon during the first quarter valued at about $26,000. OLD Point Trust & Financial Services N A purchased a new stake in Exelon during the fourth quarter valued at about $39,000. Finally, Venturi Wealth Management LLC lifted its holdings in Exelon by 174.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after purchasing an additional 722 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 2.2 %

Shares of EXC stock traded down $0.87 during mid-day trading on Monday, hitting $37.90. The stock had a trading volume of 2,861,207 shares, compared to its average volume of 6,842,053. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $42.15. The firm has a market capitalization of $37.90 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The firm’s 50-day moving average is $35.83 and its two-hundred day moving average is $36.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the business posted $0.41 EPS. On average, analysts predict that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

Wall Street Analyst Weigh In

EXC has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley dropped their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Scotiabank dropped 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. Finally, Wells Fargo & Company raised their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.27.

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.