Bank of New York Mellon Corp Decreases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Bank of New York Mellon Corp lessened its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,469,730 shares of the company's stock after selling 371,563 shares during the period. Bank of New York Mellon Corp owned approximately 1.34% of Exelon worth $507,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank lifted its position in shares of Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Exelon by 20.8% during the 4th 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 during the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Exelon by 431.3% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Exelon by 2.0% during the 3rd 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 last quarter. Finally, State Street Corp lifted its position in shares of Exelon by 3.7% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company's stock.

Exelon Stock Performance

NASDAQ EXC traded up $0.41 during trading on Friday, reaching $44.20. The company's stock had a trading volume of 12,319,512 shares, compared to its average volume of 7,400,085. 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 $44.43 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.86 and a beta of 0.56. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $44.46. The business's fifty day moving average price is $40.13 and its 200-day moving average price is $39.32.

Exelon (NASDAQ:EXC - Get Free Report) last posted 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 net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the firm earned $0.60 EPS. As a group, analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from Exelon's previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon's payout ratio is 65.31%.

Analyst Ratings Changes

EXC has been the subject of several recent analyst reports. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.