Voya Investment Management LLC Sells 5,095,613 Shares of Exelon Co. (NASDAQ:EXC)

Voya Investment Management LLC cut its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 45.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,047,540 shares of the company's stock after selling 5,095,613 shares during the quarter. Voya Investment Management LLC owned approximately 0.60% of Exelon worth $227,629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. lifted its stake in Exelon by 35.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 938,832 shares of the company's stock valued at $35,338,000 after buying an additional 246,200 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. Hsbc Holdings PLC grew its stake in shares of Exelon by 25.6% in the 4th quarter. Hsbc Holdings PLC now owns 5,573,740 shares of the company's stock worth $209,748,000 after acquiring an additional 1,136,954 shares in the last quarter. Stifel Financial Corp boosted its holdings in Exelon by 2.4% during the fourth quarter. Stifel Financial Corp now owns 123,023 shares of the company's stock worth $4,631,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. purchased a new stake in Exelon in the 4th quarter valued at about $7,434,000. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXC shares. Guggenheim set a $47.00 target price on Exelon and gave the company a "buy" rating in a report on Tuesday, April 22nd. Evercore ISI reissued an "in-line" rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a report on Tuesday, April 15th. UBS Group raised their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Scotiabank lifted 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.67.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on Monday, February 3rd. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Exelon Price Performance

Shares of NASDAQ:EXC traded up $0.25 on Tuesday, hitting $46.73. The company's stock had a trading volume of 1,743,601 shares, compared to its average volume of 8,253,558. 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 company has a 50-day simple moving average of $44.80 and a 200 day simple moving average of $41.10. The company has a market capitalization of $47.17 billion, a PE ratio of 19.07, a PEG 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company posted $0.60 EPS. Sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. Exelon's dividend payout ratio is 65.31%.

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.