Transcend Capital Advisors LLC Sells 2,378 Shares of Exelon Co. (NASDAQ:EXC)

Transcend Capital Advisors LLC cut its stake in shares of Exelon Co. (NASDAQ:EXC) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 24,207 shares of the company’s stock after selling 2,378 shares during the period. Transcend Capital Advisors LLC’s holdings in Exelon were worth $911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ING Groep NV boosted its holdings in shares of Exelon by 2,081.1% in the 4th quarter. ING Groep NV now owns 372,814 shares of the company’s stock worth $14,033,000 after purchasing an additional 355,721 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Exelon by 15.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,743 shares of the company’s stock worth $404,000 after buying an additional 1,463 shares during the last quarter. Ieq Capital LLC boosted its stake in Exelon by 1.0% in the fourth quarter. Ieq Capital LLC now owns 61,984 shares of the company’s stock worth $2,333,000 after buying an additional 615 shares in the last quarter. Private Advisor Group LLC boosted its stake in Exelon by 12.0% in the fourth quarter. Private Advisor Group LLC now owns 64,561 shares of the company’s stock worth $2,430,000 after buying an additional 6,900 shares in the last quarter. Finally, Legacy Solutions LLC bought a new position in Exelon during the fourth quarter valued at approximately $466,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXC. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred 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 owns 2,271 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Exelon Trading Up 0.5 %

NASDAQ EXC opened at $43.39 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $43.69. The stock has a market cap of $43.62 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The stock has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $39.10.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 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 last year, the business earned $0.60 earnings per share. On average, analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid 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 3.69%. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio is presently 62.04%.

About Exelon

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.