Insider Selling: Exelon Co. (NASDAQ:EXC) CEO Sells 4,451 Shares of Stock

Exelon Co. (NASDAQ:EXCGet Rating) CEO John Tyler Anthony sold 4,451 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total value of $211,377.99. Following the transaction, the chief executive officer now owns 974 shares of the company’s stock, valued at $46,255.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Exelon stock traded down $0.51 during mid-day trading on Friday, reaching $46.84. 297,250 shares of the company’s stock were exchanged, compared to its average volume of 7,037,829. The business’s fifty day simple moving average is $47.01 and its 200 day simple moving average is $49.81. The firm has a market capitalization of $45.91 billion, a PE ratio of 17.60, a P/E/G ratio of 3.34 and a beta of 0.57. Exelon Co. has a one year low of $31.25 and a one year high of $50.71. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.51.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Exelon had a return on equity of 10.87% and a net margin of 8.15%. During the same period in the prior year, the business earned ($0.06) EPS. On average, sell-side analysts forecast that Exelon Co. will post 2.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 13th will be paid a $0.3375 dividend. The ex-dividend date is Thursday, May 12th. This represents a $1.35 annualized dividend and a dividend yield of 2.88%. Exelon’s payout ratio is presently 50.94%.

Several research firms recently commented on EXC. Vertical Research cut Exelon from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Thursday, February 3rd. JPMorgan Chase & Co. raised Exelon from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $47.00 to $55.00 in a research note on Wednesday, April 20th. Wells Fargo & Company cut Exelon from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $65.00 to $45.00 in a research note on Thursday, February 3rd. Scotiabank cut Exelon from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $44.00 in a research note on Monday, February 7th. Finally, Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating and set a $53.00 target price for the company in a research note on Tuesday, April 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.17.

Institutional investors and hedge funds have recently modified their holdings of the business. Landmark Wealth Management LLC bought a new stake in shares of Exelon in the first quarter valued at $26,000. Elmwood Wealth Management Inc. bought a new stake in shares of Exelon in the fourth quarter valued at $30,000. Curi Wealth Management LLC bought a new stake in shares of Exelon in the fourth quarter valued at $33,000. Addison Advisors LLC raised its stake in shares of Exelon by 251.8% in the first quarter. Addison Advisors LLC now owns 598 shares of the company’s stock valued at $28,000 after buying an additional 428 shares during the period. Finally, Missouri Trust & Investment Co purchased a new position in shares of Exelon in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 80.35% of the company’s stock.

Exelon Company Profile (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.

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