Intact Investment Management Inc. Sells 61,500 Shares of Exelon Co. (NASDAQ:EXC)

Intact Investment Management Inc. lowered its position in Exelon Co. (NASDAQ:EXC) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,900 shares of the company’s stock after selling 61,500 shares during the quarter. Intact Investment Management Inc.’s holdings in Exelon were worth $5,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXC. Stephens Consulting LLC boosted its position in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the 3rd quarter valued at $32,000. Brown Lisle Cummings Inc. bought a new stake in Exelon during the 4th quarter valued at $30,000. Crews Bank & Trust bought a new stake in Exelon during the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC boosted its position in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after acquiring an additional 513 shares in the last quarter. Institutional investors 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 firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $44.19 on Friday. The firm has a market capitalization of $44.42 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. 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 business has a fifty day moving average of $41.32 and a 200 day moving average of $39.73. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.60 earnings per share. As a group, research analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank raised their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

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.