TD Private Client Wealth LLC Lowers Position in Exelon Co. (NASDAQ:EXC)

TD Private Client Wealth LLC trimmed its stake in shares of Exelon Co. (NASDAQ:EXC) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,273 shares of the company’s stock after selling 384 shares during the period. TD Private Client Wealth LLC’s holdings in Exelon were worth $725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. increased its stake in Exelon by 1.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 365,467 shares of the company’s stock worth $13,756,000 after acquiring an additional 5,200 shares during the last quarter. iA Global Asset Management Inc. increased its position in Exelon by 6.2% in the fourth quarter. iA Global Asset Management Inc. now owns 108,306 shares of the company’s stock worth $4,077,000 after purchasing an additional 6,317 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in Exelon by 28.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 59,137 shares of the company’s stock valued at $2,175,000 after purchasing an additional 13,051 shares during the last quarter. West Tower Group LLC grew its stake in shares of Exelon by 71.4% in the 4th quarter. West Tower Group LLC now owns 12,000 shares of the company’s stock worth $452,000 after buying an additional 5,000 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Exelon in the 4th quarter worth about $277,000. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent research reports. Barclays lifted 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. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares in the company, 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Exelon Trading Down 1.8 %

NASDAQ EXC opened at $43.80 on Monday. The stock has a market cap of $44.03 billion, a PE ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The company’s 50-day moving average price is $41.97 and its 200-day moving average price is $39.97. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last issued its 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 net margin of 10.68% and a return on equity of 9.52%. During the same period in the prior year, the company posted $0.60 EPS. Equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. Exelon’s payout ratio is 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.