Exelon Co. (NASDAQ:EXC) Shares Sold by Quarry LP

Quarry LP reduced its stake in Exelon Co. (NASDAQ:EXC) by 24.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,731 shares of the company’s stock after selling 894 shares during the period. Quarry LP’s holdings in Exelon were worth $103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Czech National Bank lifted its position in shares of 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 purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of 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. Greenup Street Wealth Management LLC purchased a new position in shares of Exelon in the 4th quarter valued at about $2,274,000. Principal Financial Group Inc. raised its position in shares of Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after acquiring an additional 36,734 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in Exelon by 10.6% during the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock worth $851,000 after purchasing an additional 2,160 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.8 %

NASDAQ EXC opened at $46.85 on Wednesday. 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 firm has a 50-day moving average price of $44.88 and a 200 day moving average price of $41.14. The stock has a market capitalization of $47.30 billion, a P/E ratio of 19.12, 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.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (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 previous year, the business earned $0.60 earnings per share. Equities research analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity

In other Exelon 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 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday. Evercore ISI restated an “in-line” rating and issued a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. UBS Group lifted 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. Barclays upped their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Scotiabank boosted their price objective on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.67.

Exelon Company 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.