Exelon Co. (NASDAQ:EXC) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its position in Exelon Co. (NASDAQ:EXC) by 30.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,900 shares of the company’s stock after selling 61,500 shares during the period. Intact Investment Management Inc.’s holdings in Exelon were worth $5,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LBP AM SA acquired a new stake in Exelon in the 4th quarter worth about $5,137,000. HBK Sorce Advisory LLC boosted its holdings in shares of Exelon by 4.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 23,171 shares of the company’s stock worth $872,000 after purchasing an additional 1,040 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Exelon by 2.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 81,289 shares of the company’s stock worth $3,059,000 after purchasing an additional 2,064 shares during the last quarter. Erste Asset Management GmbH boosted its holdings in shares of Exelon by 377.1% during the 4th quarter. Erste Asset Management GmbH now owns 156,293 shares of the company’s stock worth $5,858,000 after purchasing an additional 123,532 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Exelon by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 46,288 shares of the company’s stock worth $1,742,000 after purchasing an additional 1,935 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXC shares. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Exelon has an average rating of “Moderate Buy” and an average target price of $44.13.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction 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 represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

Exelon Stock Performance

NASDAQ:EXC opened at $44.19 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a market capitalization of $44.42 billion, a P/E ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.51. The company has a 50 day moving average price of $41.32 and a 200 day moving average price of $39.73. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $0.60 earnings per share. Equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

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.