Gulf International Bank UK Ltd Trims Stock Position in Exelon Co. (NASDAQ:EXC)

Gulf International Bank UK Ltd cut its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,826 shares of the company’s stock after selling 843 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Exelon were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC raised its holdings in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Exelon in the 3rd quarter worth about $32,000. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon in the 4th quarter worth about $30,000. Crews Bank & Trust purchased a new position in shares of Exelon in the 4th quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Exelon Price Performance

EXC stock opened at $44.20 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $44.46. The stock’s 50 day moving average is $40.13 and its two-hundred day moving average is $39.32. The company has a market capitalization of $44.43 billion, a PE ratio of 18.04, a P/E/G ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.62%. Exelon’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXC shares. Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.