Guggenheim Capital LLC reduced its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 424,910 shares of the company's stock after selling 97,120 shares during the quarter. Guggenheim Capital LLC's holdings in Exelon were worth $15,994,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EXC. Millstone Evans Group LLC bought a new position in shares of Exelon in the fourth quarter valued at approximately $28,000. Stephens Consulting LLC lifted its stake in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in Exelon during the 4th quarter worth $30,000. Crews Bank & Trust bought a new stake in shares of Exelon in the 4th quarter worth $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 80.92% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on EXC. Morgan Stanley lifted their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Evercore ISI reissued an "in-line" rating and issued a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research report on Tuesday. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.63.
View Our Latest Stock Report on EXC
Exelon Stock Performance
Shares of NASDAQ:EXC traded up $0.75 during trading on Friday, hitting $47.26. 7,496,103 shares of the company were exchanged, compared to its average volume of 7,228,455. The company has a market cap of $47.71 billion, a PE ratio of 19.29, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a 50 day moving average of $44.35 and a 200 day moving average of $40.81.
Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 period in the prior year, the company posted $0.60 earnings per share. As a group, equities research analysts predict that Exelon Co. will post 2.64 EPS for the current year.
Exelon Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.39%. Exelon's dividend payout ratio is currently 65.31%.
Insider Buying and Selling at Exelon
In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company's stock.
Exelon Profile
(
Free Report)
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.
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