Trexquant Investment LP Sells 274,666 Shares of Exelon Co. (NASDAQ:EXC)

Trexquant Investment LP decreased its position in Exelon Co. (NASDAQ:EXC) by 90.8% during the 4th quarter, HoldingsChannel reports. The fund owned 27,673 shares of the company’s stock after selling 274,666 shares during the quarter. Trexquant Investment LP’s holdings in Exelon were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Czech National Bank increased its position in shares of Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock worth $61,158,000 after purchasing an additional 279,827 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of Exelon during the 4th quarter worth approximately $2,274,000. Principal Financial Group Inc. increased its position in shares of Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after purchasing an additional 36,734 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock worth $851,000 after purchasing an additional 2,160 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

EXC opened at $45.12 on Friday. The business has a fifty day simple moving average of $43.70 and a 200 day simple moving average of $40.55. The company has a market capitalization of $45.55 billion, a PE ratio of 18.42, a price-to-earnings-growth 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 debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $0.60 earnings per share. Research analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

Insider Activity

In other 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 transaction of $59,353.91. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXC. Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. 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. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Exelon currently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.