Harbour Investments Inc. Sells 279 Shares of Exelon Co. (NASDAQ:EXC)

Harbour Investments Inc. lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,091 shares of the company’s stock after selling 279 shares during the quarter. Harbour Investments Inc.’s holdings in Exelon were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Stephens Consulting LLC raised its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Exelon in the fourth quarter valued at approximately $30,000. Crews Bank & Trust bought a new position in shares of Exelon in the fourth quarter valued at approximately $34,000. Capital Advisors Ltd. LLC raised its position in shares of 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 period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Exelon in the fourth quarter valued at approximately $36,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.8 %

EXC opened at $43.80 on Friday. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. 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 firm’s fifty day moving average price is $41.97 and its two-hundred day moving average price is $39.95. The company has a market capitalization of $44.03 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.60 EPS. On average, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Insider Activity

In other 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 value of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, UBS Group raised their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and an average price target of $45.13.

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.