Heartland Bank & Trust Co Decreases Stake in Exelon Co. (NASDAQ:EXC)

Heartland Bank & Trust Co lowered its stake in Exelon Co. (NASDAQ:EXC) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,148 shares of the company’s stock after selling 353 shares during the period. Heartland Bank & Trust Co’s holdings in Exelon were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXC. Register Financial Advisors LLC acquired a new stake in shares of Exelon in the first quarter worth $26,000. Crewe Advisors LLC acquired a new stake in Exelon during the first quarter valued at $26,000. Versant Capital Management Inc grew its position in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares during the period. J.Safra Asset Management Corp acquired a new stake in Exelon during the second quarter valued at $28,000. Finally, American National Bank & Trust grew its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC stock opened at $40.74 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm’s 50-day moving average is $39.31 and its two-hundred day moving average is $37.57. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The company has a market capitalization of $40.76 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the business earned $0.41 earnings per share. Analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXC. Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays lifted their target price 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. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.33.

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.