Commonwealth Equity Services LLC Sells 10,955 Shares of Exelon Co. (NASDAQ:EXC)

Commonwealth Equity Services LLC lowered its stake in Exelon Co. (NASDAQ:EXC) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 332,159 shares of the company’s stock after selling 10,955 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Exelon were worth $12,502,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stephens Consulting LLC increased its stake in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon in the 4th quarter valued at $30,000. Crews Bank & Trust bought a new stake in shares of Exelon in the 4th quarter valued at $34,000. Capital Advisors Ltd. LLC increased its stake in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after acquiring an additional 513 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Exelon in the 4th quarter valued at $36,000. Institutional investors 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 business’s 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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXC shares. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 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. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Price Performance

EXC opened at $44.42 on Wednesday. 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 company has a market capitalization of $44.65 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.86 and a beta of 0.51. The firm’s fifty day moving average price is $41.59 and its two-hundred day moving average price is $39.84. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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 business posted $0.60 EPS. As a group, analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.60%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon’s 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.