44 Wealth Management LLC Has $702,000 Position in Exelon Co. (NASDAQ:EXC)

44 Wealth Management LLC reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,662 shares of the company’s stock after selling 4,269 shares during the period. 44 Wealth Management LLC’s holdings in Exelon were worth $702,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC boosted its position in shares of Exelon by 78.1% during 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 position in Exelon during the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new position in Exelon during the 3rd quarter valued at about $32,000. Crews Bank & Trust bought a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Versant Capital Management Inc lifted its holdings in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXC. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.38.

Exelon Stock Up 0.5 %

Shares of NASDAQ:EXC opened at $43.39 on Friday. Exelon Co. has a one year low of $34.01 and a one year high of $43.69. The company has a 50 day moving average of $39.41 and a 200-day moving average of $39.09. 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 $43.62 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS 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 previous year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 62.04%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction 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. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.