Whittier Trust Co. of Nevada Inc. Sells 889 Shares of Exelon Co. (NASDAQ:EXC)

Posted by Defense World Staff on Apr 7th, 2023

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,303 shares of the company’s stock after selling 889 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Exelon were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EXC. U.S. Capital Wealth Advisors LLC bought a new position in Exelon in the 1st quarter valued at $270,000. Cibc World Market Inc. boosted its position 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 worth $947,000 after purchasing an additional 3,509 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $98,262,000 after purchasing an additional 12,105 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Exelon by 8.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after purchasing an additional 376 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Exelon by 77.9% in the 1st quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock worth $18,117,000 after purchasing an additional 166,614 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors.

Exelon Trading Up 0.3 %

Shares of NASDAQ:EXC opened at $43.06 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 1.44. Exelon Co. has a 12-month low of $35.19 and a 12-month high of $50.71. The business has a 50 day moving average of $41.38 and a 200-day moving average of $40.45. The stock has a market cap of $42.81 billion, a PE ratio of 19.66, a P/E/G ratio of 2.68 and a beta of 0.61.

Exelon (NASDAQ:EXC – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Exelon had a net margin of 11.37% and a return on equity of 9.30%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Exelon Co. will post 2.35 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, February 24th. Exelon’s payout ratio is presently 65.75%.

Insider Activity

In other Exelon news, CEO Carim V. Khouzami sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $41.65, for a total transaction of $249,900.00. Following the completion of the transaction, the chief executive officer now directly owns 4,498 shares in the company, valued at $187,341.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

EXC has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Exelon from $49.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 21st. Wells Fargo & Company dropped their price target on Exelon from $47.00 to $45.00 in a research note on Wednesday, February 15th. BMO Capital Markets dropped their price target on Exelon from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 15th. Finally, Credit Suisse Group lifted their price target on Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, January 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.36.

Exelon Company Profile

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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).