Exelon Co. (NASDAQ:EXC) Stock Holdings Cut by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,453 shares of the company's stock after selling 8,815 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Exelon worth $19,891,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EXC. JPMorgan Chase & Co. boosted its holdings in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after buying an additional 3,068,309 shares in the last quarter. 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 valued at $2,439,862,000 after acquiring an additional 2,156,259 shares during the period. Nordea Investment Management AB boosted its stake in shares of Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company's stock worth $94,152,000 after acquiring an additional 2,018,604 shares in the last quarter. FMR LLC grew its holdings in shares of Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after acquiring an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Exelon by 212.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company's stock valued at $71,647,000 after purchasing an additional 1,293,753 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Barclays decreased their target price on Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley decreased their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and raised their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.38.

Exelon Stock Down 0.1 %

Shares of NASDAQ:EXC traded down $0.05 during trading on Wednesday, hitting $42.65. The company's stock had a trading volume of 7,595,917 shares, compared to its average volume of 6,884,149. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $43.45. The stock's 50-day moving average price is $39.04 and its two-hundred day moving average price is $39.00. The company has a market capitalization of $42.87 billion, a PE ratio of 17.41, a PEG ratio of 2.84 and a beta of 0.56.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.60 EPS. As a group, sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. This is a positive change from Exelon's previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon's dividend payout ratio is 62.04%.

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.