Savant Capital LLC Lowers Stock Position in Exelon Co. (NASDAQ:EXC)

Savant Capital LLC cut its holdings in Exelon Co. (NASDAQ:EXC) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,775 shares of the company’s stock after selling 1,555 shares during the quarter. Savant Capital LLC’s holdings in Exelon were worth $1,309,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares during the last quarter. State Street Corp increased its holdings in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB boosted its stake in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after purchasing an additional 2,018,604 shares in the last quarter. FMR LLC grew its position in Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after purchasing an additional 1,293,753 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Exelon Trading Up 0.2 %

Exelon stock opened at $42.97 on Friday. The business has a 50-day simple moving average of $38.62 and a two-hundred day simple moving average of $38.84. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $43.45. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.18 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.74 and a beta of 0.56.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.60% and a return on equity of 9.47%. During the same quarter last year, the business earned $0.60 earnings per share. Analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

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.