Bank of New York Mellon Corp Has $507 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Bank of New York Mellon Corp reduced its stake in Exelon Co. (NASDAQ:EXC) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,469,730 shares of the company’s stock after selling 371,563 shares during the period. Bank of New York Mellon Corp owned 1.34% of Exelon worth $507,001,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC increased its position in 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 buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Exelon in the fourth quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Exelon during the third quarter valued at approximately $32,000. Crews Bank & Trust bought a new stake in shares of Exelon during the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 1.6 %

NASDAQ:EXC opened at $44.04 on Wednesday. The firm has a market cap of $44.27 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a 50-day moving average price of $39.71 and a two-hundred day moving average price of $39.20. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.24.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share 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 previous year, the company earned $0.60 EPS. On average, equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.63%. Exelon’s payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXC. 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. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s 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 $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.