T. Rowe Price Investment Management Inc. Sells 6,298,087 Shares of Exelon Co. (NASDAQ:EXC)

T. Rowe Price Investment Management Inc. trimmed its position in Exelon Co. (NASDAQ:EXC) by 99.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,174 shares of the company’s stock after selling 6,298,087 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Exelon were worth $572,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EXC. Price T Rowe Associates Inc. MD grew its holdings in Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock worth $1,039,545,000 after acquiring an additional 7,483,873 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Exelon by 25.6% in the fourth quarter. Hsbc Holdings PLC now owns 5,573,740 shares of the company’s stock worth $209,748,000 after purchasing an additional 1,136,954 shares during the last quarter. Stifel Financial Corp increased its holdings in Exelon by 2.4% in the fourth quarter. Stifel Financial Corp now owns 123,023 shares of the company’s stock valued at $4,631,000 after purchasing an additional 2,854 shares during the period. Van Lanschot Kempen Investment Management N.V. bought a new position in Exelon during the 4th quarter worth $7,434,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in Exelon by 47.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 88,309 shares of the company’s stock worth $3,325,000 after buying an additional 28,349 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $46.22 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm’s 50-day moving average price is $44.73 and its 200-day moving average price is $41.05. The firm has a market capitalization of $46.66 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly 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 earned $0.60 EPS. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is 65.31%.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’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 value of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at $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 available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Guggenheim set a $47.00 price objective on shares of Exelon and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $45.78.

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.