Exelon Co. (NASDAQ:EXC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Exelon Co. (NASDAQ:EXC) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,824 shares of the company’s stock after selling 94,200 shares during the period. Renaissance Technologies LLC’s holdings in Exelon were worth $11,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC raised its position in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new position in Exelon during the fourth quarter worth $30,000. Crews Bank & Trust purchased a new position in shares of Exelon during the fourth quarter worth $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of 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 buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EXC shares. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley upped their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Scotiabank raised their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Evercore ISI restated an “in-line” rating and set a $48.00 price target (up previously from $46.00) on shares of Exelon in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.63.

Exelon Trading Down 0.3 %

NASDAQ:EXC opened at $46.74 on Wednesday. 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 1 year low of $34.01 and a 1 year high of $48.11. The stock has a market cap of $47.19 billion, a P/E ratio of 19.08, a P/E/G ratio of 2.86 and a beta of 0.39. The stock has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $40.68.

Exelon (NASDAQ:EXC) last announced its quarterly 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 net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the company earned $0.60 EPS. As a group, analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date was Monday, February 24th. 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 3.42%. Exelon’s payout ratio is 65.31%.

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.