Corient Private Wealth LLC Lowers Holdings in Exelon Co. (NASDAQ:EXC)

Corient Private Wealth LLC decreased its position in shares of Exelon Co. (NASDAQ:EXC) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 210,014 shares of the company’s stock after selling 5,503 shares during the period. Corient Private Wealth LLC’s holdings in Exelon were worth $7,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. OneDigital Investment Advisors LLC raised 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 worth $282,000 after acquiring an additional 638 shares during the period. Empowered Funds LLC increased its stake in Exelon by 8.8% during the 3rd quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock worth $689,000 after buying an additional 1,367 shares in the last quarter. Caprock Group LLC raised its holdings in shares of 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. Prospera Financial Services Inc lifted its position in shares of Exelon by 16.9% in 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 in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Exelon by 2.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 15,443 shares of the company’s stock worth $626,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of several recent research reports. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note 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 research note on Tuesday, February 25th. Finally, Morgan Stanley upped their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.63.

Exelon Stock Up 0.3 %

Shares of NASDAQ EXC opened at $44.59 on Friday. The company has a market capitalization of $44.82 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.86 and a beta of 0.51. 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 50 day simple moving average of $41.84 and a 200-day simple moving average of $39.91. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20.

Exelon (NASDAQ:EXC) last posted its 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 quarter in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.59%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.