Providence Wealth Advisors LLC Sells 253 Shares of Exelon Co. (NASDAQ:EXC)

Providence Wealth Advisors LLC cut its holdings in Exelon Co. (NASDAQ:EXC) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,125 shares of the company’s stock after selling 253 shares during the quarter. Exelon comprises approximately 1.1% of Providence Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Providence Wealth Advisors LLC’s holdings in Exelon were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Exelon in the 4th quarter worth approximately $28,000. Stephens Consulting LLC grew its holdings in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Exelon in the fourth quarter valued at approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter worth $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Stock Up 2.9 %

Shares of Exelon stock opened at $44.02 on Thursday. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The business has a fifty day simple moving average of $42.31 and a 200 day simple moving average of $40.06. 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 cap of $44.44 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

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

Exelon Increases Dividend

The business 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 represents a $1.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXC. Scotiabank boosted 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. Morgan Stanley upped their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.