Farther Finance Advisors LLC Sells 1,063 Shares of Exelon Co. (NASDAQ:EXC)

Farther Finance Advisors LLC cut its stake in Exelon Co. (NASDAQ:EXC) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,183 shares of the company’s stock after selling 1,063 shares during the period. Farther Finance Advisors LLC’s holdings in Exelon were worth $233,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the fourth quarter valued at approximately $30,000. Crews Bank & Trust bought a new stake in Exelon in the fourth quarter valued at approximately $34,000. Capital Advisors Ltd. LLC boosted its holdings in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after acquiring an additional 513 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Exelon in the fourth quarter valued at approximately $36,000. 80.92% of the stock is currently owned by institutional investors.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on EXC shares. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $44.42 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. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20. The stock’s 50 day moving average is $41.59 and its 200-day moving average is $39.84. The firm has a market capitalization of $44.65 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 business earned $0.60 EPS. Sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. 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 3.60%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio 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.