Vinva Investment Management Ltd Sells 557 Shares of Exelon Co. (NASDAQ:EXC)

Vinva Investment Management Ltd lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,919 shares of the company’s stock after selling 557 shares during the quarter. Vinva Investment Management Ltd’s holdings in Exelon were worth $2,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. OneDigital Investment Advisors LLC grew its stake in shares of Exelon by 10.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after acquiring an additional 638 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Exelon by 8.8% in the 3rd quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock worth $689,000 after acquiring an additional 1,367 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Exelon by 5.4% in the 3rd quarter. Meeder Advisory Services Inc. now owns 22,370 shares of the company’s stock worth $907,000 after acquiring an additional 1,153 shares in the last quarter. Caprock Group LLC grew its stake in shares of Exelon by 20.8% in the 3rd quarter. Caprock Group LLC now owns 39,459 shares of the company’s stock worth $1,600,000 after acquiring an additional 6,789 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of Exelon by 16.9% in the 3rd quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock worth $467,000 after acquiring an additional 1,661 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EXC. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Barclays increased their price target 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. Five equities 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Exelon Price Performance

NASDAQ EXC opened at $44.44 on Thursday. The company has a market cap of $44.67 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm’s 50-day simple moving average is $41.71 and its two-hundred day simple moving average is $39.88.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.60%. Exelon’s dividend payout ratio is 65.31%.

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.