Rockefeller Capital Management L.P. Sells 6,168 Shares of Exelon Co. (NASDAQ:EXC)

Rockefeller Capital Management L.P. reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,438 shares of the company’s stock after selling 6,168 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Exelon were worth $5,135,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Exelon in the 4th quarter valued at $479,597,000. FMR LLC grew its position in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after acquiring an additional 5,524,103 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Exelon by 25.8% in the 4th quarter. Invesco Ltd. now owns 13,718,745 shares of the company’s stock valued at $516,374,000 after purchasing an additional 2,817,174 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.6 %

Shares of EXC stock opened at $47.26 on Friday. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $47.71 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39. The stock has a 50-day moving average of $44.25 and a 200-day moving average of $40.77.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 posted $0.60 earnings per share. On average, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.39%. Exelon’s payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley increased their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Evercore ISI reiterated an “in-line” rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a research report on Tuesday. Finally, UBS Group boosted their price target on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus price target of $45.63.

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.