Larson Financial Group LLC Sells 2,037 Shares of Exelon Co. (NASDAQ:EXC)

Larson Financial Group LLC trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 55.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,639 shares of the company’s stock after selling 2,037 shares during the period. Larson Financial Group LLC’s holdings in Exelon were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Stephens Consulting LLC grew its position in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon during the fourth quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in Exelon during the 3rd quarter valued at approximately $32,000. Crews Bank & Trust bought a new stake in Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 1.8 %

Shares of NASDAQ EXC opened at $42.61 on Thursday. The company has a market cap of $42.83 billion, a P/E ratio of 17.39, a PEG ratio of 2.86 and a beta of 0.51. The firm has a 50-day simple moving average of $41.08 and a two-hundred day simple moving average of $39.66. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.19. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. Exelon’s dividend payout ratio is presently 65.31%.

Analyst Ratings Changes

A number of research firms recently weighed in on EXC. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Morgan Stanley dropped their price objective 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. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.13.

Insider Buying and Selling

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. 0.10% of the stock is currently owned by insiders.

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.