Y Intercept Hong Kong Ltd Lowers Position in Exelon Co. (NASDAQ:EXC)

Y Intercept Hong Kong Ltd decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 85.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,284 shares of the company’s stock after selling 36,813 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Exelon were worth $237,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after purchasing an additional 274 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares in the last quarter. Wesbanco Bank Inc. grew its position in shares of Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after buying an additional 296 shares during the period. PFG Investments LLC increased its stake in shares of Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after acquiring an additional 305 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after acquiring an additional 311 shares during the period. Institutional investors own 80.92% of the company’s stock.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXC. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank raised their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.13.

Exelon Stock Down 2.0 %

Exelon stock opened at $43.68 on Wednesday. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The stock has a fifty day simple moving average of $40.40 and a two-hundred day simple moving average of $39.44. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market cap of $43.91 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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 business posted $0.60 earnings per share. Equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.66%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) 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.