Victory Capital Management Inc. Has $88.67 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Victory Capital Management Inc. decreased its holdings in Exelon Co. (NASDAQ:EXC) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,355,813 shares of the company’s stock after selling 43,659 shares during the period. Victory Capital Management Inc.’s holdings in Exelon were worth $88,673,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in shares of Exelon by 47.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,246 shares of the company’s stock worth $294,000 after purchasing an additional 2,339 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Exelon by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 123,357 shares of the company’s stock worth $5,002,000 after purchasing an additional 3,045 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Exelon by 63.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock worth $65,000 after purchasing an additional 620 shares in the last quarter. M&G PLC increased its position in shares of Exelon by 8.7% during the 3rd quarter. M&G PLC now owns 2,889,851 shares of the company’s stock worth $118,484,000 after purchasing an additional 231,751 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after purchasing an additional 36,734 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred 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 transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

EXC has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley lowered 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 report on Friday, November 22nd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Exelon Stock Down 1.1 %

Shares of NASDAQ EXC opened at $42.88 on Friday. The firm has a market capitalization of $43.10 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.19. The firm’s 50-day moving average is $40.63 and its 200-day moving average is $39.49.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $0.60 EPS. Equities analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a dividend of $0.40 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.73%. Exelon’s dividend payout ratio (DPR) is presently 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.