Venturi Wealth Management LLC Has $219,000 Position in Exelon Co. (NASDAQ:EXC)

Venturi Wealth Management LLC raised its stake in Exelon Co. (NASDAQ:EXC) by 438.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,828 shares of the company’s stock after buying an additional 4,745 shares during the quarter. Venturi Wealth Management LLC’s holdings in Exelon were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC lifted its stake in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after buying an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after buying an additional 274 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares in the last quarter. Ballentine Partners LLC lifted its stake in Exelon by 2.1% in the third 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. Finally, Wesbanco Bank Inc. lifted its stake in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after buying an additional 296 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXC. Barclays cut their price target on shares of 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 cut their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank boosted their price objective 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. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Exelon Stock Performance

NASDAQ EXC opened at $43.39 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm’s fifty day moving average price is $39.41 and its two-hundred day moving average price is $39.09. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $43.69. The firm has a market capitalization of $43.62 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.56.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the company earned $0.60 EPS. As a group, research analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.40 per share. 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%. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio 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.