LGT Group Foundation Sells 6,501 Shares of Exelon Co. (NASDAQ:EXC)

LGT Group Foundation trimmed its position in Exelon Co. (NASDAQ:EXC) by 34.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,647 shares of the company’s stock after selling 6,501 shares during the quarter. LGT Group Foundation’s holdings in Exelon were worth $476,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after acquiring an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after acquiring an additional 275 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC lifted its stake in shares of Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after acquiring an additional 305 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Exelon by 1.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after acquiring an additional 311 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Performance

Shares of Exelon stock opened at $44.55 on Tuesday. 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 business has a 50-day moving average price of $40.28 and a two-hundred day moving average price of $39.40. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.62. The company has a market cap of $44.78 billion, a P/E ratio of 18.18, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 prior year, the company posted $0.60 earnings per share. As a group, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Barclays increased their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. 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 upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Morgan Stanley decreased 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated 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 directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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.