Exelon Co. (NASDAQ:EXC) Holdings Cut by 44 Wealth Management LLC

44 Wealth Management LLC lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,662 shares of the company’s stock after selling 4,269 shares during the period. 44 Wealth Management LLC’s holdings in Exelon were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank raised its holdings in shares of Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock worth $61,158,000 after purchasing an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the period. Finally, State Street Corp lifted its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $43.39 on Friday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $43.69. The firm’s fifty day simple moving average is $39.41 and its 200 day simple moving average is $39.09. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $43.62 billion, a PE ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the firm posted $0.60 EPS. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a $0.40 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. Exelon’s dividend payout ratio (DPR) is presently 62.04%.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on EXC. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Barclays cut their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

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.