Exelon Co. (NASDAQ:EXC) Stock Position Reduced by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. decreased its stake in Exelon Co. (NASDAQ:EXC) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,215 shares of the company’s stock after selling 2,155 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Exelon were worth $761,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Exelon during the fourth quarter valued at approximately $479,597,000. JPMorgan Chase & Co. raised its holdings in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Amundi boosted its holdings in Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after purchasing an additional 2,160,201 shares in the last quarter. Finally, State Street Corp increased its position in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ:EXC opened at $47.23 on Friday. 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 stock has a market cap of $47.68 billion, a P/E ratio of 19.28, a PEG ratio of 2.86 and a beta of 0.39. The company has a fifty day moving average price of $43.05 and a 200 day moving average price of $40.32. Exelon Co. has a one year low of $34.01 and a one year high of $47.60.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $0.60 earnings per share. Analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. Exelon’s payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXC shares. Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

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.