Exelon Co. (NASDAQ:EXC) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. trimmed its holdings in Exelon Co. (NASDAQ:EXC – Get Rating) by 20.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,114 shares of the company’s stock after selling 24,954 shares during the period. Cullinan Associates Inc.’s holdings in Exelon were worth $4,112,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Exelon in the 1st quarter valued at approximately $270,000. Cibc World Market Inc. increased its holdings in shares of Exelon by 21.4% in the 1st quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock valued at $947,000 after acquiring an additional 3,509 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exelon by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock valued at $98,262,000 after acquiring an additional 12,105 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Exelon by 8.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock valued at $219,000 after acquiring an additional 376 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Exelon by 77.9% in the 1st quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock valued at $18,117,000 after acquiring an additional 166,614 shares during the last quarter. 80.60% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 0.0 %

NASDAQ:EXC opened at $42.14 on Friday. Exelon Co. has a 1 year low of $35.19 and a 1 year high of $50.71. The stock has a market cap of $41.89 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.69 and a beta of 0.60. The business has a fifty day moving average of $41.80 and a 200-day moving average of $40.30. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.62 and a current ratio of 0.69.

Exelon (NASDAQ:EXC – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. Exelon had a return on equity of 9.30% and a net margin of 11.37%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that Exelon Co. will post 2.36 earnings per share for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were issued a $0.36 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 24th. This represents a $1.44 annualized dividend and a dividend yield of 3.42%. Exelon’s dividend payout ratio is 65.75%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research analyst reports. Credit Suisse Group boosted their price target on Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, January 23rd. BMO Capital Markets lowered their price objective on Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 15th. Wells Fargo & Company lowered their price objective on Exelon from $47.00 to $45.00 in a research note on Wednesday, February 15th. Finally, Morgan Stanley upped their price objective on Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, December 15th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.64.

About Exelon

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).