ATLAS Infrastructure Partners UK Ltd. Sells 4,960,586 Shares of Exelon Co. (NASDAQ:EXC)

ATLAS Infrastructure Partners UK Ltd. lessened its stake in Exelon Co. (NASDAQ:EXC) by 71.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979,844 shares of the company’s stock after selling 4,960,586 shares during the period. Exelon accounts for approximately 17.9% of ATLAS Infrastructure Partners UK Ltd.’s portfolio, making the stock its 2nd largest position. ATLAS Infrastructure Partners UK Ltd.’s holdings in Exelon were worth $74,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXC. Millstone Evans Group LLC acquired a new stake in Exelon during the 4th quarter worth $28,000. Stephens Consulting LLC grew its holdings in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the fourth quarter worth about $30,000. Crews Bank & Trust acquired a new position in Exelon in the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC raised its stake in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after acquiring an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXC shares. Barclays upped their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Scotiabank lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday. Guggenheim lifted their price objective on Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Five 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, the company currently has an average rating of “Hold” and an average price target of $48.22.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.48 on Friday. The firm has a market capitalization of $46.92 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. 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 business’s 50 day simple moving average is $45.06 and its 200-day simple moving average is $41.27. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the previous year, the business earned $0.68 earnings per share. Exelon’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s payout ratio is currently 65.31%.

Insider Buying and Selling at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 $92,134.47. This trade 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 is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.