Exelon Co. (NASDAQ:EXC) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in Exelon Co. (NASDAQ:EXCGet Rating) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,528 shares of the company’s stock after selling 3,174 shares during the quarter. Savant Capital LLC’s holdings in Exelon were worth $2,110,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXC. Morgan Stanley boosted its holdings in shares of Exelon by 6.6% during the second quarter. Morgan Stanley now owns 14,043,370 shares of the company’s stock valued at $622,261,000 after acquiring an additional 872,516 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Exelon by 14.1% during the third quarter. AE Wealth Management LLC now owns 97,846 shares of the company’s stock valued at $4,730,000 after acquiring an additional 12,110 shares during the period. Allworth Financial LP boosted its holdings in shares of Exelon by 633.1% during the third quarter. Allworth Financial LP now owns 4,934 shares of the company’s stock valued at $239,000 after acquiring an additional 4,261 shares during the period. Nvwm LLC acquired a new position in shares of Exelon during the third quarter valued at $40,000. Finally, Retirement Systems of Alabama boosted its holdings in shares of Exelon by 68.5% during the third quarter. Retirement Systems of Alabama now owns 1,178,994 shares of the company’s stock valued at $56,993,000 after acquiring an additional 479,242 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Exelon stock opened at $48.77 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $45.36 and its two-hundred day moving average price is $50.27. Exelon Co. has a 52 week low of $30.57 and a 52 week high of $50.71. The stock has a market cap of $47.80 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Friday, February 25th were paid a $0.338 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $1.35 dividend on an annualized basis and a yield of 2.77%. Exelon’s dividend payout ratio is currently 77.59%.

In related news, SVP Fabian Souza sold 21,400 shares of Exelon stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $47.61, for a total value of $1,018,854.00. Following the transaction, the senior vice president now owns 2,337 shares of the company’s stock, valued at approximately $111,264.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Calvin Butler, Jr. sold 26,708 shares of Exelon stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $57.61, for a total value of $1,538,647.88. The disclosure for this sale can be found here. Insiders sold a total of 52,070 shares of company stock worth $2,733,217 in the last three months. 0.19% of the stock is currently owned by company insiders.

EXC has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and reduced their price target for the company from $62.00 to $44.00 in a report on Friday, February 4th. Royal Bank of Canada cut shares of Exelon from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $66.00 to $46.00 in a research note on Thursday, February 3rd. JPMorgan Chase & Co. upgraded shares of Exelon from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $55.00 in a research note on Wednesday, April 20th. Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a research note on Tuesday, April 12th. Finally, Wells Fargo & Company cut shares of Exelon from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $65.00 to $45.00 in a research note on Thursday, February 3rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.17.

About Exelon (Get Rating)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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