T. Rowe Price Investment Management Inc. Reduces Stock Position in Exelon Co. (NASDAQ:EXC)

T. Rowe Price Investment Management Inc. lowered its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 99.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXC. Rosenberg Matthew Hamilton raised its holdings in shares of Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock valued at $92,000 after purchasing an additional 275 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock worth $375,000 after purchasing an additional 296 shares during the last quarter. PFG Investments LLC grew its position in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company's stock worth $495,000 after purchasing an additional 305 shares during the period. Stratos Wealth Partners LTD. raised its stake in Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock valued at $697,000 after buying an additional 311 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after purchasing an additional 322 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Exelon Price Performance

Shares of NASDAQ:EXC traded down $0.30 during trading on Thursday, hitting $46.60. 5,583,147 shares of the company's stock were exchanged, compared to its average volume of 7,274,897. The business's 50-day simple moving average is $44.95 and its 200 day simple moving average is $41.18. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a market cap of $47.04 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 65.31%.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were 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 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 the SEC website. Company insiders own 0.10% of the company's stock.

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.