Kestra Investment Management LLC Sells 3,967 Shares of Exelon Co. (NASDAQ:EXC)

Kestra Investment Management LLC trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 74.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,332 shares of the company’s stock after selling 3,967 shares during the quarter. Kestra Investment Management LLC’s holdings in Exelon were worth $50,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stephens Consulting LLC increased its holdings in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC bought a new stake in Exelon in the 3rd quarter worth about $32,000. Crews Bank & Trust bought a new stake in Exelon in the 4th quarter worth about $34,000. Finally, Versant Capital Management Inc increased its holdings in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.5 %

EXC stock opened at $43.39 on Friday. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $43.69. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a market cap of $43.62 billion, a P/E ratio of 17.71, a PEG ratio of 2.82 and a beta of 0.56. The business’s 50-day moving average price is $39.41 and its 200-day moving average price is $39.09.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 quarter in the previous year, the company posted $0.60 EPS. On average, equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is 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 yield of 3.69%. Exelon’s payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s 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 transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction 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 insiders.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. Barclays reduced their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.38.

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.