Vaughan David Investments LLC IL Has $34.41 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Vaughan David Investments LLC IL reduced its position in Exelon Co. (NASDAQ:EXC - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 914,181 shares of the company's stock after selling 12,353 shares during the period. Vaughan David Investments LLC IL owned approximately 0.09% of Exelon worth $34,410,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EXC. Czech National Bank increased its stake in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock worth $61,158,000 after acquiring an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Exelon by 431.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock worth $16,051,000 after purchasing an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock valued at $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $59,353.91. Following the completion of the transaction, the executive vice president now 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 document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Scotiabank raised their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Evercore ISI raised shares of Exelon from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.41 during midday trading on Friday, reaching $44.20. 12,319,512 shares of the company traded hands, compared to its average volume of 7,400,085. The company has a market cap of $44.43 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.56. The stock has a 50-day moving average price of $39.99 and a 200 day moving average price of $39.27. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.46. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 business posted $0.60 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently declared 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 is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, February 24th. Exelon's dividend payout ratio (DPR) is presently 65.31%.

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.