Blueshift Asset Management LLC Lowers Stock Holdings in Exelon Co. (NASDAQ:EXC)

Blueshift Asset Management LLC cut its position in Exelon Co. (NASDAQ:EXC) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,071 shares of the company’s stock after selling 4,792 shares during the quarter. Blueshift Asset Management LLC’s holdings in Exelon were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EXC. Stephens Consulting LLC grew its stake in shares of Exelon by 78.1% in 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. acquired a new position in Exelon during the 4th quarter worth $30,000. Crews Bank & Trust purchased a new stake in Exelon during the 4th quarter worth about $34,000. Capital Advisors Ltd. LLC raised its position in 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 purchasing an additional 513 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Exelon in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction 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 trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Exelon Stock Performance

Shares of EXC stock opened at $43.80 on Friday. The stock’s 50-day moving average is $41.97 and its two-hundred day moving average is $39.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51.

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

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

EXC has been the topic of several analyst reports. Scotiabank raised their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays lifted their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, UBS Group lifted their price target on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday. Five 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 an average price target of $45.13.

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.