Exelon Co. (NASDAQ:EXC) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its stake in shares of Exelon Co. (NASDAQ:EXC) by 97.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,727 shares of the company’s stock after selling 68,113 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Exelon were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Exelon in the 3rd quarter valued at approximately $366,000. Creative Planning lifted its holdings in shares of Exelon by 49.1% in the 3rd quarter. Creative Planning now owns 201,264 shares of the company’s stock valued at $8,161,000 after buying an additional 66,287 shares during the period. NBC Securities Inc. boosted its stake in shares of Exelon by 3.0% in the third quarter. NBC Securities Inc. now owns 20,953 shares of the company’s stock valued at $849,000 after buying an additional 607 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its holdings in Exelon by 13.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 108,910 shares of the company’s stock worth $4,416,000 after acquiring an additional 13,304 shares during the period. Finally, Beech Hill Advisors Inc. raised its position in Exelon by 6.5% in the third quarter. Beech Hill Advisors Inc. now owns 25,834 shares of the company’s stock worth $1,048,000 after acquiring an additional 1,569 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC stock opened at $42.97 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The stock’s 50 day moving average price is $38.62 and its 200 day moving average price is $38.84. The firm has a market cap of $43.18 billion, a P/E ratio of 17.68, a PEG ratio of 2.74 and a beta of 0.56. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $43.45.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 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 quarter last year, the company earned $0.60 EPS. On average, sell-side analysts expect that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 62.55%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday. Barclays decreased their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock 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. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Five investment 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, Exelon has an average rating of “Moderate Buy” and an average target price of $43.38.

Insider Activity at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction 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 completion of the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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.