Venturi Wealth Management LLC Acquires 4,745 Shares of Exelon Co. (NASDAQ:EXC)

Venturi Wealth Management LLC lifted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 438.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,828 shares of the company’s stock after acquiring an additional 4,745 shares during the period. Venturi Wealth Management LLC’s holdings in Exelon were worth $219,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank lifted its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in 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 valued at $61,158,000 after purchasing an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC lifted its holdings in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares during the last quarter. Finally, State Street Corp lifted its holdings in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EXC shares. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.38.

Exelon Stock Up 0.5 %

Shares of NASDAQ:EXC opened at $43.39 on Friday. Exelon Co. has a one year low of $34.01 and a one year high of $43.69. The company has a 50 day moving average of $39.41 and a 200-day moving average of $39.09. 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 $43.62 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.82 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 quarter in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. Exelon’s payout ratio is currently 65.31%.

Insider Activity at Exelon

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 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 approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.