D.A. Davidson & CO. Reduces Holdings in Exelon Co. (NASDAQ:EXC)

D.A. Davidson & CO. reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,464 shares of the company’s stock after selling 387 shares during the period. D.A. Davidson & CO.’s holdings in Exelon were worth $958,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXC. Foundations Investment Advisors LLC grew its stake in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares during the period. Private Advisor Group LLC boosted its position in shares of Exelon by 4.1% in the third quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock worth $2,338,000 after purchasing an additional 2,271 shares during the period. International Assets Investment Management LLC increased its stake in shares of Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after purchasing an additional 1,021,731 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Exelon by 6.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 36,818 shares of the company’s stock valued at $1,493,000 after purchasing an additional 2,282 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after buying an additional 285 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Transactions at Exelon

In related 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 completion of the sale, the executive vice president now owns 2,271 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent analyst reports. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Barclays decreased their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price target 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. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank upped 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, February 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.38.

Exelon Price Performance

EXC stock opened at $43.39 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $43.69. The stock has a market cap of $43.62 billion, a PE ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56. The company has a 50-day moving average price of $39.41 and a 200 day moving average price of $39.11.

Exelon (NASDAQ:EXC) last released its earnings results 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 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the business earned $0.60 EPS. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is 62.04%.

Exelon 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.