Community Bank N.A. Sells 2,380 Shares of Exelon Co. (NASDAQ:EXC)

Community Bank N.A. decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,011 shares of the company’s stock after selling 2,380 shares during the period. Community Bank N.A.’s holdings in Exelon were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXC. Millstone Evans Group LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $28,000. Stephens Consulting LLC raised its position in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon in the 4th quarter worth approximately $30,000. Crews Bank & Trust bought a new position in Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its position in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Price Performance

Shares of EXC stock opened at $43.80 on Monday. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.20. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. 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 firm has a fifty day moving average of $41.97 and a 200-day moving average of $39.97.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $0.60 earnings per share. On average, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. Exelon’s payout ratio is 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.