Brandywine Global Investment Management LLC Sells 6,096 Shares of Exelon Co. (NASDAQ:EXC)

Brandywine Global Investment Management LLC reduced its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,369,645 shares of the company's stock after selling 6,096 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.14% of Exelon worth $51,553,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Czech National Bank lifted its stake in shares of Exelon by 7.0% in the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after purchasing an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 20.8% in the fourth 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 in the last quarter. HITE Hedge Asset Management LLC lifted its position in Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock valued at $16,051,000 after buying an additional 321,333 shares during the period. State Street Corp boosted its holdings 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 valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in shares of Exelon in the 4th quarter worth about $2,274,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Exelon Stock Performance

Shares of Exelon stock traded up $0.05 during trading on Wednesday, hitting $45.97. 6,829,277 shares of the company's stock traded hands, compared to its average volume of 6,860,757. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $46.46. The business has a 50-day simple moving average of $42.75 and a 200-day simple moving average of $40.23. The stock has a market capitalization of $46.41 billion, a P/E ratio of 18.76, a PEG ratio of 2.86 and a beta of 0.51. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS 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 period last year, the firm earned $0.60 earnings per share. As a group, analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 3.48%. This is a positive change from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio is presently 65.31%.

Insider Transactions at Exelon

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Scotiabank raised their price objective on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $45.13.

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.