Exelon Co. (NASDAQ:EXC) Stock Holdings Lessened by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its stake in shares of Exelon Co. (NASDAQ:EXC) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 917,303 shares of the company’s stock after selling 84,979 shares during the period. Clearbridge Investments LLC owned about 0.09% of Exelon worth $34,527,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC lifted its position in Exelon by 24.1% in the 3rd quarter. Townsquare Capital LLC now owns 16,517 shares of the company’s stock worth $670,000 after buying an additional 3,208 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Exelon in the third quarter worth approximately $268,000. Captrust Financial Advisors increased its stake in shares of Exelon by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,868 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Exelon in the 3rd quarter valued at approximately $1,328,000. Finally, Kestra Investment Management LLC acquired a new position in Exelon during the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.3 %

EXC opened at $45.92 on Wednesday. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $46.28. The company has a market capitalization of $46.36 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.86 and a beta of 0.51. 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 firm’s fifty day moving average price is $42.75 and its two-hundred day moving average price is $40.23.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 last year, the business posted $0.60 EPS. On average, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’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 transaction, the executive vice president now owns 2,271 shares of the company’s stock, 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 hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EXC shares. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Barclays raised their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.13.

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.