Vinva Investment Management Ltd Lowers Stock Position in Exelon Co. (NASDAQ:EXC)

Vinva Investment Management Ltd reduced its holdings in shares of Exelon Co. (NASDAQ:EXC) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 69,919 shares of the company’s stock after selling 557 shares during the period. Vinva Investment Management Ltd’s holdings in Exelon were worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. OneDigital Investment Advisors LLC grew its position in Exelon by 10.1% during 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 last quarter. Empowered Funds LLC grew its position in Exelon by 8.8% during 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 last quarter. Meeder Advisory Services Inc. grew its position in Exelon by 5.4% during the third quarter. Meeder Advisory Services Inc. now owns 22,370 shares of the company’s stock valued at $907,000 after acquiring an additional 1,153 shares during the last quarter. Caprock Group LLC grew its position in Exelon by 20.8% during the third quarter. Caprock Group LLC now owns 39,459 shares of the company’s stock valued at $1,600,000 after acquiring an additional 6,789 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in Exelon by 16.9% during the third quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock valued at $467,000 after acquiring an additional 1,661 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank raised their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Buying and Selling

In other Exelon 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Exelon Stock Performance

Shares of Exelon stock opened at $44.44 on Thursday. 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 firm has a market capitalization of $44.67 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.86 and a beta of 0.51. The business has a fifty day simple moving average of $41.71 and a two-hundred day simple moving average of $39.88. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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 last year, the firm posted $0.60 earnings per share. On average, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

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

Exelon 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.