Exelon Co. (NASDAQ:EXC) Stock Position Lowered by Truist Financial Corp

Truist Financial Corp cut its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,568 shares of the company's stock after selling 30,922 shares during the period. Truist Financial Corp's holdings in Exelon were worth $3,560,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Exelon by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company's stock valued at $2,338,000 after buying an additional 2,271 shares during the period. International Assets Investment Management LLC boosted its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company's stock valued at $42,441,000 after acquiring an additional 1,021,731 shares during the last quarter. Ballentine Partners LLC grew its position in Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company's stock valued at $565,000 after acquiring an additional 285 shares during the period. Allworth Financial LP increased its stake in Exelon by 1.5% during the third quarter. Allworth Financial LP now owns 20,801 shares of the company's stock worth $843,000 after acquiring an additional 311 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Exelon by 20.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,655 shares of the company's stock worth $10,323,000 after acquiring an additional 43,313 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 0.9 %

Shares of Exelon stock traded up $0.41 during trading hours on Friday, hitting $44.20. 12,319,511 shares of the company's stock traded hands, compared to its average volume of 7,390,274. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $44.46. The company has a market cap of $44.43 billion, a PE ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.56. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a 50 day simple moving average of $39.99 and a 200-day simple moving average of $39.27.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data 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 quarter last year, the firm posted $0.60 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon's dividend payout ratio is 65.31%.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction dated 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 directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays boosted their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI raised shares of Exelon from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

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.