Exelon Co. (NASDAQ:EXC) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 352,704 shares of the company’s stock after selling 33,377 shares during the period. LPL Financial LLC’s holdings in Exelon were worth $13,276,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EXC. JPMorgan Chase & Co. grew its stake in Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares during the last quarter. Amundi boosted its stake in shares of Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after buying an additional 2,160,201 shares during the last quarter. State Street Corp grew its holdings in 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 acquiring an additional 2,156,259 shares during the period. Nordea Investment Management AB raised its position in Exelon by 418.1% during the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after acquiring an additional 2,018,604 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Exelon by 212.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after acquiring an additional 1,293,753 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Transactions at Exelon

In related 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Exelon Stock Up 0.1 %

NASDAQ EXC opened at $45.97 on Thursday. The business’s fifty day simple moving average is $42.89 and its 200-day simple moving average is $40.27. 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 market cap of $46.41 billion, a PE ratio of 18.76, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $46.47.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $0.60 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. 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 payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank lifted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group increased their price target on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Exelon has a consensus rating of “Moderate Buy” and an average price target of $45.13.

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.