Envestnet Asset Management Inc. Sells 14,380 Shares of Exelon Co. (NASDAQ:EXC)

Envestnet Asset Management Inc. lessened its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 369,215 shares of the company's stock after selling 14,380 shares during the period. Envestnet Asset Management Inc.'s holdings in Exelon were worth $13,897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Millstone Evans Group LLC purchased a new position in Exelon during the fourth quarter valued at $28,000. Stephens Consulting LLC increased its holdings in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon in the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after buying an additional 513 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 2.5 %

EXC traded up $1.14 during trading hours on Tuesday, reaching $47.37. 7,381,381 shares of the company's stock traded hands, compared to its average volume of 7,240,251. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $44.50 and a 200 day moving average price of $40.90. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The firm has a market capitalization of $47.82 billion, a PE ratio of 19.33, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted 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 in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is currently 65.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXC. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley lifted their price target on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their target price on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.63.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon 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 completion of the sale, the executive vice president now directly owns 2,271 shares of the company's stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Exelon 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.