Riverwater Partners LLC Has $291,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Riverwater Partners LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,730 shares of the company’s stock after selling 257 shares during the quarter. Riverwater Partners LLC’s holdings in Exelon were worth $291,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXC. Captrust Financial Advisors raised its position in shares of Exelon by 4.2% during the third quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,868 shares during the period. Benjamin Edwards Inc. raised its holdings in Exelon by 18.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,581 shares of the company’s stock worth $714,000 after buying an additional 2,741 shares during the period. HighTower Advisors LLC lifted its stake in Exelon by 2.9% in the third quarter. HighTower Advisors LLC now owns 253,792 shares of the company’s stock valued at $10,276,000 after buying an additional 7,213 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of Exelon by 48.8% in the third quarter. Investment Management Corp of Ontario now owns 33,244 shares of the company’s stock valued at $1,348,000 after buying an additional 10,900 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Exelon by 2.2% during the third quarter. IHT Wealth Management LLC now owns 20,117 shares of the company’s stock worth $816,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction 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 sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXC. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. UBS Group increased their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Exelon Stock Down 4.0 %

NASDAQ:EXC opened at $45.35 on Friday. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. The firm has a market capitalization of $45.78 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock’s 50 day moving average price is $43.17 and its two-hundred day moving average price is $40.35.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.60 EPS. Equities research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.53%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is 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.