Kentucky Retirement Systems Sells 946 Shares of Exelon Co. (NASDAQ:EXC)

by · The Cerbat Gem

Kentucky Retirement Systems lowered its holdings in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,719 shares of the company’s stock after selling 946 shares during the period. Kentucky Retirement Systems’ holdings in Exelon were worth $2,587,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. Foundations Investment Advisors LLC grew its holdings in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Exelon by 6.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,840 shares of the company’s stock valued at $1,007,000 after buying an additional 1,462 shares during the period. Private Advisor Group LLC boosted its position in Exelon by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock valued at $2,338,000 after buying an additional 2,271 shares during the period. International Assets Investment Management LLC boosted its position in Exelon by 4,103.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after buying an additional 1,021,731 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Exelon by 6.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 36,818 shares of the company’s stock valued at $1,493,000 after buying an additional 2,282 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EXC. Barclays dropped their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Scotiabank raised their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

View Our Latest Report on EXC

Exelon Trading Up 0.5 %

NASDAQ:EXC opened at $43.39 on Friday. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $43.69. The stock has a market cap of $43.62 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56. The company has a 50-day moving average price of $39.41 and a 200-day moving average price of $39.10. 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 – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $0.60 earnings per share. Equities analysts predict 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 given a dividend of $0.40 per share. 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%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is 62.04%.

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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Exelon Company Profile

(Free Report)

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.

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