B. Metzler seel. Sohn & Co. AG lowered its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,483 shares of the company's stock after selling 16,312 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Exelon were worth $6,605,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC raised its holdings 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 in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon during the fourth quarter worth $30,000. Crews Bank & Trust acquired a new stake in Exelon during the fourth quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.
Insider Activity at Exelon
In related news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $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. 0.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
EXC has been the subject of several research reports. UBS Group lifted their price target on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Morgan Stanley increased their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.13.
Check Out Our Latest Stock Report on EXC
Exelon Stock Performance
Shares of Exelon stock traded up $0.05 during trading on Wednesday, reaching $45.97. The company's stock had a trading volume of 6,829,861 shares, compared to its average volume of 6,858,993. Exelon Co. has a one year low of $34.01 and a one year high of $46.46. 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 firm has a market cap of $46.41 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The business's fifty day moving average price is $42.89 and its 200-day moving average price is $40.27.
Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.60 earnings per share. As a group, equities research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.
Exelon Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 3.48%. Exelon's payout ratio is presently 65.31%.
About Exelon
(
Free Report)
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.
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