Jump Financial LLC Sells 10,509 Shares of Exelon Co. (NASDAQ:EXC)

Jump Financial LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,351 shares of the company's stock after selling 10,509 shares during the quarter. Jump Financial LLC's holdings in Exelon were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank grew its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after acquiring an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after purchasing an additional 279,827 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in Exelon in the fourth quarter valued at about $2,274,000. Principal Financial Group Inc. boosted its holdings in Exelon by 3.3% during the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock worth $47,029,000 after buying an additional 36,734 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after buying an additional 2,160 shares during the period. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of several recent analyst reports. Evercore ISI reaffirmed an "in-line" rating and issued a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. Morgan Stanley upped their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. UBS Group lifted their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.63.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Exelon Stock Up 2.5 %

NASDAQ:EXC opened at $47.37 on Wednesday. The stock has a 50-day simple moving average of $44.50 and a 200 day simple moving average of $40.90. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a market cap of $47.82 billion, a PE ratio of 19.33, a PEG ratio of 2.86 and a beta of 0.39. 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 (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon's dividend payout ratio is currently 65.31%.

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.

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