Checchi Capital Advisers LLC Sells 693 Shares of Exelon Co. (NASDAQ:EXC)

Checchi Capital Advisers LLC decreased its holdings in Exelon Co. (NASDAQ:EXC) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,950 shares of the company’s stock after selling 693 shares during the period. Checchi Capital Advisers LLC’s holdings in Exelon were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Stephens Consulting LLC raised its stake in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in Exelon during the 3rd quarter worth approximately $32,000. Crews Bank & Trust bought a new position in Exelon in the 4th quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC boosted its position 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 buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $43.84 on Friday. The firm has a market capitalization of $44.06 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.86 and a beta of 0.56. The firm’s 50-day moving average price is $39.99 and its 200-day moving average price is $39.27. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.32.

Exelon (NASDAQ:EXC) last released 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the business earned $0.60 EPS. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research reports. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity 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 shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.