M. Kulyk & Associates LLC Sells 3,010 Shares of Exelon Co. (NASDAQ:EXC)

M. Kulyk & Associates LLC lessened its stake in Exelon Co. (NASDAQ:EXC) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,586 shares of the company’s stock after selling 3,010 shares during the quarter. M. Kulyk & Associates LLC’s holdings in Exelon were worth $2,619,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in shares of Exelon in the fourth quarter valued at approximately $25,651,000. Amundi lifted its holdings in shares of Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock valued at $235,390,000 after purchasing an additional 2,160,201 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Exelon by 46.4% in the fourth quarter. AMF Tjanstepension AB now owns 751,415 shares of the company’s stock valued at $28,306,000 after purchasing an additional 237,989 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Exelon in the fourth quarter valued at approximately $1,189,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Exelon by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 320,409 shares of the company’s stock valued at $12,060,000 after purchasing an additional 4,455 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXC. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Barclays lifted their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of “Moderate Buy” and an average price target of $44.13.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $43.11 on Friday. 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 business has a fifty day simple moving average of $40.74 and a two-hundred day simple moving average of $39.54. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.19. The company has a market capitalization of $43.33 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 period in the prior year, the company earned $0.60 earnings per share. On average, analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.40 dividend. 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 3.71%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 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.