Exelon Co. (NASDAQ:EXC) Shares Sold by Hartline Investment Corp

Hartline Investment Corp trimmed its position in shares of Exelon Co. (NASDAQ:EXC) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,013 shares of the company’s stock after selling 2,500 shares during the period. Hartline Investment Corp’s holdings in Exelon were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Antonetti Capital Management LLC grew its position in shares of Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Addison Advisors LLC grew its position in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Exelon during the third quarter worth approximately $31,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Exelon during the fourth quarter worth approximately $34,000. Finally, Peoples Bank KS acquired a new position in Exelon in the third quarter worth $38,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXC. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. UBS Group cut shares of Exelon from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Wells Fargo & Company dropped their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average price target of $38.92.

Exelon Stock Up 0.6 %

Shares of EXC traded up $0.21 on Wednesday, reaching $37.77. The stock had a trading volume of 5,060,992 shares, compared to its average volume of 6,643,278. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. The company has a 50-day simple moving average of $36.56 and a 200-day simple moving average of $37.10. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the business earned $0.43 earnings per share. Exelon’s quarterly revenue was up 15.0% compared to the same quarter last year. Sell-side analysts predict that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.38 per share. This is a boost from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, March 1st. Exelon’s payout ratio is presently 65.24%.

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.