Wells Fargo & Company MN Sells 244,368 Shares of Exelon Co. (NASDAQ:EXC)

Wells Fargo & Company MN cut its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 30.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 552,887 shares of the company's stock after selling 244,368 shares during the period. Wells Fargo & Company MN owned about 0.06% of Exelon worth $20,811,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. Norges Bank bought a new stake in shares of Exelon in the 4th quarter worth approximately $479,597,000. JPMorgan Chase & Co. boosted its holdings in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after acquiring an additional 3,068,309 shares during the period. Vanguard Group Inc. grew its position in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. Amundi grew its position in shares of Exelon by 53.8% during the fourth quarter. Amundi now owns 6,174,458 shares of the company's stock worth $235,390,000 after acquiring an additional 2,160,201 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Exelon by 418.1% in 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 during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Up 1.6 %

Exelon stock traded up $0.75 during mid-day trading on Friday, hitting $47.26. 7,496,103 shares of the company's stock were exchanged, compared to its average volume of 7,217,168. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The stock has a 50 day moving average of $44.25 and a two-hundred day moving average of $40.77. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $47.71 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS 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 quarter last year, the business posted $0.60 EPS. As a group, analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, 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 this hyperlink. 0.10% of the stock is owned by 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.