Natixis Trims Position in Exelon Co. (NASDAQ:EXC)

Natixis cut its position in Exelon Co. (NASDAQ:EXC - Free Report) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,182 shares of the company's stock after selling 575,819 shares during the period. Natixis' holdings in Exelon were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of EXC. Vanguard Group Inc. grew its stake in shares of Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after buying an additional 3,064,673 shares during the period. Geode Capital Management LLC boosted its position in shares of Exelon by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares during the period. FMR LLC grew its stake in shares of Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares in the last quarter. Invesco Ltd. grew its position in Exelon by 25.8% in the 4th quarter. Invesco Ltd. now owns 13,718,745 shares of the company's stock valued at $516,374,000 after acquiring an additional 2,817,174 shares in the last quarter. Finally, Norges Bank purchased a new stake in Exelon during the 4th quarter worth approximately $479,597,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

Shares of EXC traded up $0.33 during mid-day trading on Monday, hitting $46.55. 1,158,212 shares of the company's stock were exchanged, compared to its average volume of 7,248,445. The firm has a market capitalization of $46.99 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.86 and a beta of 0.39. 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 business's 50 day moving average is $44.73 and its two-hundred day moving average is $41.05. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 last year, the business earned $0.60 EPS. On average, equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. Exelon's dividend payout ratio is 65.31%.

Analyst Ratings Changes

EXC has been the subject of several research reports. Guggenheim set a $47.00 price target on shares of Exelon and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Evercore ISI reissued an "in-line" rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank boosted their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Barclays increased their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $46.67.

Insider Buying and Selling at Exelon

In other Exelon 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 transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

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.