TIAA Trust National Association Sells 3,065 Shares of Exelon Co. (NASDAQ:EXC)

TIAA Trust National Association lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 11.8% during the fourth quarter, HoldingsChannel reports. The fund owned 22,870 shares of the company’s stock after selling 3,065 shares during the quarter. TIAA Trust National Association’s holdings in Exelon were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Exelon in the 4th quarter valued at approximately $28,000. Stephens Consulting LLC raised its position in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon in the fourth quarter worth approximately $30,000. Crews Bank & Trust bought a new stake in Exelon in the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC increased its position in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Morgan Stanley increased their price target on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Price Performance

EXC stock opened at $44.25 on Friday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20. The stock has a market capitalization of $44.67 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company’s 50-day moving average is $42.40 and its 200-day moving average is $40.09. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

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

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the 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 of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

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.