ExodusPoint Capital Management LP Decreases Holdings in Exelon Co. (NASDAQ:EXC)

ExodusPoint Capital Management LP lowered its position in Exelon Co. (NASDAQ:EXC) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,606 shares of the company’s stock after selling 1,255,272 shares during the quarter. Exelon makes up approximately 0.4% of ExodusPoint Capital Management LP’s portfolio, making the stock its 27th biggest position. ExodusPoint Capital Management LP owned about 0.15% of Exelon worth $57,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Millstone Evans Group LLC purchased a new position in shares of Exelon in the fourth quarter worth about $28,000. Stephens Consulting LLC grew its position in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon during the 4th quarter worth approximately $30,000. Crews Bank & Trust purchased a new position in Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC lifted its position in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon 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 directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Exelon Price Performance

EXC stock opened at $45.97 on Thursday. The firm has a 50-day moving average of $42.89 and a 200 day moving average of $40.27. 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 company has a market cap of $46.41 billion, a P/E ratio of 18.76, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $46.47.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is 65.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXC shares. 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 report on Thursday, February 13th. Morgan Stanley raised their price target on shares of 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 reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon 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.