V Square Quantitative Management LLC Cuts Stock Position in Exelon Co. (NASDAQ:EXC)

V Square Quantitative Management LLC lowered its position in Exelon Co. (NASDAQ:EXC) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,581 shares of the company’s stock after selling 329 shares during the period. V Square Quantitative Management LLC’s holdings in Exelon were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Stephens Consulting LLC lifted its stake in Exelon by 78.1% during the 4th 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 in the 4th quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the 3rd quarter valued at $32,000. Crews Bank & Trust acquired a new position in Exelon during the fourth quarter worth $34,000. Finally, Versant Capital Management Inc raised its position in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after acquiring an additional 379 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EXC shares. Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.38.

Exelon Stock Down 0.3 %

NASDAQ EXC opened at $42.85 on Friday. The stock has a market cap of $43.06 billion, a PE ratio of 17.63, a P/E/G ratio of 2.74 and a beta of 0.56. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $43.45. The business has a 50 day moving average price of $38.82 and a two-hundred day moving average price of $38.91. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $0.60 EPS. As a group, sell-side analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Increases Dividend

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

Exelon Company 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.