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

Quarry LP decreased its position in Exelon Co. (NASDAQ:EXC) by 24.7% in the 4th quarter, HoldingsChannel reports. The firm 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Exelon during the 4th quarter worth about $479,597,000. Price T Rowe Associates Inc. MD increased its position in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. FMR LLC raised its stake in Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Exelon by 109.0% in 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. Finally, Vanguard Group Inc. grew its stake in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after buying an additional 3,064,673 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value 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 sale 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 research analysts recently weighed in on EXC shares. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. UBS Group boosted their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Guggenheim set a $47.00 price target on shares of Exelon and gave the company a “buy” rating in a report on Tuesday, April 22nd. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets raised their target price on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.67.

Exelon Stock Performance

NASDAQ:EXC opened at $46.85 on Wednesday. The firm has a 50-day moving average of $44.88 and a two-hundred day moving average of $41.14. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market cap of $47.30 billion, a P/E ratio of 19.12, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) 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. On average, research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

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.