Bragg Financial Advisors Inc Has $2.27 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Bragg Financial Advisors Inc decreased its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,285 shares of the company's stock after selling 8,657 shares during the period. Bragg Financial Advisors Inc's holdings in Exelon were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EXC. Vanguard Group Inc. raised its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. Geode Capital Management LLC grew its position in Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares during the last quarter. FMR LLC grew its position in Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after buying an additional 5,524,103 shares in the last quarter. Invesco Ltd. raised its holdings in Exelon by 25.8% in the 4th quarter. Invesco Ltd. now owns 13,718,745 shares of the company's stock valued at $516,374,000 after acquiring an additional 2,817,174 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Exelon during the 4th quarter worth approximately $479,597,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group increased their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.63.

Exelon Trading Up 1.6 %

Exelon stock traded up $0.75 during trading hours on Friday, reaching $47.26. 7,496,103 shares of the company's stock traded hands, compared to its average volume of 7,228,455. 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 capitalization of $47.71 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39. The firm's 50 day moving average is $44.35 and its 200-day moving average is $40.81. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 business posted $0.60 earnings per share. On average, analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. Exelon's dividend payout ratio is 65.31%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

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.