Intech Investment Management LLC Sells 37,648 Shares of Exelon Co. (NASDAQ:EXC)

Intech Investment Management LLC trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,767 shares of the company’s stock after selling 37,648 shares during the period. Intech Investment Management LLC’s holdings in Exelon were worth $1,346,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Exelon during the fourth quarter valued at about $30,000. Crews Bank & Trust acquired a new position in shares of Exelon during the fourth quarter valued at about $34,000. Capital Advisors Ltd. LLC raised its position in shares of Exelon by 119.6% during 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 during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Exelon during the fourth quarter valued at about $36,000. 80.92% of the stock is currently owned by institutional investors.

Insider Transactions at Exelon

In other 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 transaction of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $43.80 on Friday. 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. The company has a 50 day moving average of $41.97 and a 200-day moving average of $39.95. 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 $45.20.

Exelon (NASDAQ:EXC) last posted 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 last year, the business earned $0.60 earnings per share. On average, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXC. Barclays upped their price objective on shares of 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 reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley upped 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. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, UBS Group increased their price target on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.13.

Exelon 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.