Reaves W H & Co. Inc. Has $671,000 Holdings in Exelon Co. (NASDAQ:EXC)

Reaves W H & Co. Inc. reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,840 shares of the company’s stock after selling 2,395 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Exelon were worth $671,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC raised its stake in Exelon by 70.2% during the 4th quarter. Fidelis Capital Partners LLC now owns 9,195 shares of the company’s stock valued at $373,000 after purchasing an additional 3,794 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of Exelon by 104.7% in the 4th quarter. Plato Investment Management Ltd now owns 60,574 shares of the company’s stock valued at $2,288,000 after buying an additional 30,978 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Exelon in the 4th quarter valued at $36,000. Jones Financial Companies Lllp raised its stake in shares of Exelon by 108.4% in the 4th quarter. Jones Financial Companies Lllp now owns 13,399 shares of the company’s stock valued at $504,000 after buying an additional 6,968 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. acquired a new position in shares of Exelon in the 4th quarter valued at $374,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the subject of a number of recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Trading Up 0.8 %

Shares of Exelon stock opened at $44.55 on Tuesday. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $44.62. The company has a 50-day simple moving average of $40.28 and a 200 day simple moving average of $39.40. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $44.78 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 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 company posted $0.60 EPS. Research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $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 this hyperlink. Insiders own 0.10% of the company’s stock.

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.