HighPoint Advisor Group LLC Lowers Stock Position in Exelon Co. (NASDAQ:EXC)

HighPoint Advisor Group LLC cut its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,612 shares of the company’s stock after selling 4,198 shares during the period. HighPoint Advisor Group LLC’s holdings in Exelon were worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXC. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter valued at $28,000. Stephens Consulting LLC raised its position in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon during the 4th quarter worth $30,000. Crews Bank & Trust bought a new stake in Exelon during the fourth quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upgraded shares of 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. UBS Group raised their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Four 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of 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 SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $46.08 on Tuesday. The stock’s fifty day moving average price is $42.64 and its 200 day moving average price is $40.19. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $46.22. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market cap of $46.52 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio is 65.31%.

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.