Intech Investment Management LLC Sells 37,648 Shares of Exelon Co. (NASDAQ:EXC)

Intech Investment Management LLC reduced its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,767 shares of the company's stock after selling 37,648 shares during the quarter. Intech Investment Management LLC's holdings in Exelon were worth $1,346,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton increased its position in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock valued at $92,000 after purchasing an additional 275 shares during the period. Wesbanco Bank Inc. boosted its stake in Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after buying an additional 296 shares in the last quarter. PFG Investments LLC grew its holdings in Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company's stock worth $495,000 after acquiring an additional 305 shares during the period. Stratos Wealth Partners LTD. raised its position in Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after acquiring an additional 311 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Exelon by 3.0% in the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock valued at $450,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

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Exelon Stock Up 2.9 %

NASDAQ:EXC traded up $1.26 during trading hours on Wednesday, hitting $44.02. 8,549,226 shares of the company's stock traded hands, compared to its average volume of 6,269,754. The stock's fifty day moving average price is $42.19 and its two-hundred day moving average price is $40.03. The firm has a market cap of $44.44 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.86 and a beta of 0.51. 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 twelve month low of $34.01 and a twelve month high of $45.20.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business posted $0.60 EPS. On average, research analysts expect that Exelon Co. will post 2.64 earnings per share 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 issued a dividend of $0.40 per share. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, February 24th. Exelon's payout ratio is currently 65.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley upped their price target on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Scotiabank increased 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.13.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the business's 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 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 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 company 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.