Exelon Co. (NASDAQ:EXC) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,531 shares of the company’s stock after selling 589 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Exelon were worth $359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. State Street Corp increased its stake in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares in the last quarter. FMR LLC increased its stake in shares of Exelon by 18.7% in 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 in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Exelon by 212.2% in 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. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction 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 sale, the executive vice president now 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 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 owned by insiders.

Exelon Trading Down 0.3 %

EXC opened at $42.85 on Friday. Exelon Co. has a one year low of $34.01 and a one year high of $43.45. The stock has a market capitalization of $43.06 billion, a PE ratio of 17.63, a P/E/G ratio of 2.74 and a beta of 0.56. The business’s 50 day moving average price is $38.72 and its 200 day moving average price is $38.87. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.47% and a net margin of 10.60%. During the same quarter in the previous year, the business earned $0.60 EPS. As a group, equities research analysts expect that Exelon Co. will post 2.46 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.73%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio is 62.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EXC shares. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley cut their price objective 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. Scotiabank boosted their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays cut their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

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.