Exelon Co. (NASDAQ:EXC) Shares Sold by Edgar Lomax Co. VA

Edgar Lomax Co. VA decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 98.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,640 shares of the company’s stock after selling 1,116,021 shares during the quarter. Edgar Lomax Co. VA’s holdings in Exelon were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EXC. Millstone Evans Group LLC purchased a new stake in Exelon during the 4th quarter worth approximately $28,000. Stephens Consulting LLC increased its stake in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Exelon in the fourth quarter valued at $30,000. Crews Bank & Trust bought a new position in Exelon during the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC grew its holdings in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI reiterated an “in-line” rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Tuesday. Finally, Scotiabank raised their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.63.

Insiders Place Their Bets

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction 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 directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Exelon Stock Up 1.6 %

EXC stock opened at $47.26 on Friday. 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 cap of $47.71 billion, a PE ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a fifty day simple moving average of $44.35 and a 200 day simple moving average of $40.81.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data 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 period in the previous year, the business earned $0.60 earnings per share. Sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. 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 3.39%. Exelon’s dividend payout ratio is 65.31%.

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.