FineMark National Bank & Trust Has $3.72 Million Stake in Exelon Co. (NASDAQ:EXC)

FineMark National Bank & Trust lowered its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,921 shares of the company’s stock after selling 4,897 shares during the quarter. FineMark National Bank & Trust’s holdings in Exelon were worth $3,723,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Rosenberg Matthew Hamilton boosted its stake in Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after purchasing an additional 275 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after purchasing an additional 296 shares in the last quarter. PFG Investments LLC boosted its position in shares of Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after buying an additional 305 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after buying an additional 311 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Exelon by 3.0% in the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock valued at $450,000 after buying an additional 322 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXC. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI upgraded 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 note on Tuesday, January 21st. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank raised their price objective on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, UBS Group upped their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $42.76 on Wednesday. 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 has a market cap of $43.17 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.86 and a beta of 0.51. The stock’s fifty day moving average price is $42.19 and its two-hundred day moving average price is $40.03. Exelon Co. has a one year low of $34.01 and a one year high of $45.20.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.60 EPS. On average, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.74%. 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 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.