Los Angeles Capital Management LLC Sells 888,253 Shares of Exelon Co. (NASDAQ:EXC)

Los Angeles Capital Management LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,835,266 shares of the company’s stock after selling 888,253 shares during the quarter. Los Angeles Capital Management LLC owned 0.18% of Exelon worth $69,079,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Edge Capital Group LLC acquired a new position in Exelon during the 4th quarter worth approximately $19,236,000. IFP Advisors Inc boosted its position in Exelon by 71.9% during the 4th quarter. IFP Advisors Inc now owns 3,547 shares of the company’s stock worth $134,000 after acquiring an additional 1,483 shares during the last quarter. RWC Asset Management LLP boosted its position in Exelon by 106.3% during the 4th quarter. RWC Asset Management LLP now owns 2,326,843 shares of the company’s stock worth $87,582,000 after acquiring an additional 1,199,068 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after buying an additional 513 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $402,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Activity at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated 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 directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXC shares. Morgan Stanley cut their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.38.

Exelon Stock Down 0.1 %

Shares of NASDAQ EXC opened at $43.35 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.01. The stock has a market capitalization of $43.58 billion, a P/E ratio of 17.69, a PEG ratio of 2.86 and a beta of 0.56. The stock’s fifty day moving average is $39.56 and its 200 day moving average is $39.15.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm earned $0.60 EPS. Sell-side analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm 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 $0.40 dividend. The ex-dividend date is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.69%. Exelon’s dividend payout ratio (DPR) is 65.31%.

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.