Harbour Investments Inc. Sells 279 Shares of Exelon Co. (NASDAQ:EXC)

Harbour Investments Inc. trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,091 shares of the company’s stock after selling 279 shares during the quarter. Harbour Investments Inc.’s holdings in Exelon were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp raised its holdings in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC raised its holdings in Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after purchasing an additional 403,542 shares during the last quarter. FMR LLC raised its holdings in Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Exelon by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Exelon by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company’s stock worth $253,280,000 after purchasing an additional 282,596 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Exelon Stock Performance

Shares of EXC stock opened at $43.80 on Friday. 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 stock has a 50-day moving average of $41.97 and a 200-day moving average of $39.95. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The stock has a market cap of $44.03 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (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 period last year, the firm posted $0.60 earnings per share. As a group, sell-side analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed 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 positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. Exelon’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

Several brokerages have weighed in on EXC. Morgan Stanley boosted their price objective on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group boosted their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has a consensus 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.