Sanibel Captiva Trust Company Inc. Acquires Shares of 11,985 Exelon Co. (NASDAQ:EXC)

Sanibel Captiva Trust Company Inc. bought a new position in shares of Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,985 shares of the company’s stock, valued at approximately $451,000.

A number of other institutional investors have also made changes to their positions in the business. Foundations Investment Advisors LLC grew its stake in Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after buying an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after buying an additional 274 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after buying an additional 285 shares in the last quarter. Finally, Ledyard National Bank boosted its position in shares of Exelon by 5.1% in the third quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock valued at $257,000 after acquiring an additional 308 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.2 %

Shares of EXC opened at $39.42 on Monday. The stock’s 50-day moving average price is $38.01 and its two-hundred day moving average price is $38.21. 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 market capitalization of $39.61 billion, a PE ratio of 16.22, a PEG ratio of 2.48 and a beta of 0.55. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent research reports. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.29.

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.