Indiana Trust & Investment Management CO Sells 375 Shares of Exelon Co. (NASDAQ:EXC)

Indiana Trust & Investment Management CO lessened its stake in Exelon Co. (NASDAQ:EXC) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,714 shares of the company’s stock after selling 375 shares during the period. Indiana Trust & Investment Management CO’s holdings in Exelon were worth $97,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXC. State Street Corp grew its holdings in shares of Exelon by 1.4% in the second quarter. State Street Corp now owns 62,856,389 shares of the company’s stock worth $2,560,769,000 after purchasing an additional 837,508 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Exelon by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after acquiring an additional 343,201 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Exelon by 1.4% during the first quarter. Geode Capital Management LLC now owns 18,515,401 shares of the company’s stock valued at $773,655,000 after acquiring an additional 263,797 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 133.2% during the second quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company’s stock worth $707,721,000 after purchasing an additional 9,923,059 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Exelon by 0.6% in the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock worth $477,837,000 after purchasing an additional 78,316 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of EXC stock traded down $0.37 on Wednesday, reaching $37.21. The stock had a trading volume of 4,792,225 shares, compared to its average volume of 7,071,563. The stock has a market cap of $37.19 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.71. The company has a 50 day simple moving average of $35.77 and a 200 day simple moving average of $37.31.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts expect that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Friday, March 1st. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is presently 65.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EXC shares. 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 report on Friday, January 19th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Evercore ISI lowered shares of Exelon from an “outperform” rating to an “in-line” rating in a research note on Friday, December 15th. Royal Bank of Canada decreased their price target on shares of Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 19th. Finally, JPMorgan Chase & Co. cut Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.09.

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.