Hartline Investment Corp Sells 2,500 Shares of Exelon Co. (NASDAQ:EXC)

Hartline Investment Corp lessened its position in Exelon Co. (NASDAQ:EXC) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,013 shares of the company’s stock after selling 2,500 shares during the period. Hartline Investment Corp’s holdings in Exelon were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of EXC. IFP Advisors Inc lifted its stake in shares of Exelon by 6.1% during the 3rd quarter. IFP Advisors Inc now owns 10,380 shares of the company’s stock worth $392,000 after buying an additional 597 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Exelon during the 3rd quarter worth about $200,000. Private Trust Co. NA lifted its stake in shares of Exelon by 64.1% during the 3rd quarter. Private Trust Co. NA now owns 13,914 shares of the company’s stock worth $526,000 after buying an additional 5,434 shares during the last quarter. Strategic Blueprint LLC raised its stake in Exelon by 5.2% in the 3rd quarter. Strategic Blueprint LLC now owns 30,562 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Caprock Group LLC raised its stake in Exelon by 42.7% in the 3rd quarter. Caprock Group LLC now owns 12,772 shares of the company’s stock worth $483,000 after purchasing an additional 3,822 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.6 %

Shares of Exelon stock traded up $0.21 during trading hours on Wednesday, reaching $37.77. The company’s stock had a trading volume of 5,060,992 shares, compared to its average volume of 6,643,278. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The company has a market capitalization of $37.75 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.75 and a beta of 0.54. The stock’s fifty day simple moving average is $36.56 and its two-hundred day simple moving average is $37.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. On average, research analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio (DPR) is 65.24%.

Analyst Ratings Changes

Several analysts have weighed in on EXC shares. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Scotiabank dropped their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday. Barclays upped their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and upped their price target for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.92.

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.