B. Metzler seel. Sohn & Co. AG Cuts Position in Exelon Co. (NASDAQ:EXC)

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 175,483 shares of the company’s stock after selling 16,312 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Exelon were worth $6,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EXC. D.A. Davidson & CO. raised its holdings in shares of Exelon by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 25,851 shares of the company’s stock valued at $1,048,000 after buying an additional 785 shares during the period. Townsquare Capital LLC boosted its stake in shares of Exelon by 24.1% in the third quarter. Townsquare Capital LLC now owns 16,517 shares of the company’s stock valued at $670,000 after purchasing an additional 3,208 shares during the period. CreativeOne Wealth LLC acquired a new stake in Exelon during the 3rd quarter valued at $268,000. Captrust Financial Advisors increased its stake in Exelon by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock worth $1,869,000 after buying an additional 1,868 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in Exelon in the 3rd quarter worth $1,328,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon 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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXC. UBS Group raised their target price on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Trading Up 3.1 %

NASDAQ EXC opened at $46.08 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a one year low of $34.01 and a one year high of $46.22. The company has a 50-day simple moving average of $42.64 and a 200-day simple moving average of $40.19. The firm has a market capitalization of $46.52 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

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

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.47%. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

About Exelon

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.