Farther Finance Advisors LLC Sells 1,063 Shares of Exelon Co. (NASDAQ:EXC)

Farther Finance Advisors LLC trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,183 shares of the company’s stock after selling 1,063 shares during the quarter. Farther Finance Advisors LLC’s holdings in Exelon were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Oppenheimer & Co. Inc. boosted its position in shares of Exelon by 7.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,393 shares of the company’s stock valued at $1,354,000 after acquiring an additional 2,208 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Exelon by 10.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock valued at $282,000 after acquiring an additional 638 shares during the period. Empowered Funds LLC boosted its position in shares of Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock valued at $689,000 after acquiring an additional 1,367 shares during the period. Natixis Advisors LLC boosted its position in shares of Exelon by 34.0% in the third quarter. Natixis Advisors LLC now owns 502,454 shares of the company’s stock valued at $20,375,000 after acquiring an additional 127,493 shares during the period. Finally, Swiss National Bank boosted its position in shares of Exelon by 0.3% in the third quarter. Swiss National Bank now owns 2,968,155 shares of the company’s stock valued at $120,359,000 after acquiring an additional 8,100 shares during the period. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. 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. Finally, Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC opened at $44.42 on Wednesday. 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 company has a market cap of $44.65 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The stock has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $39.84.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.60%. Exelon’s payout ratio is presently 65.31%.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s 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 in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.