Hartford Investment Management Co. Has $2.32 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Hartford Investment Management Co. cut its holdings in Exelon Co. (NASDAQ:EXC) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,581 shares of the company’s stock after selling 879 shares during the quarter. Hartford Investment Management Co.’s holdings in Exelon were worth $2,318,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC boosted its position in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after purchasing an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after acquiring an additional 275 shares during the period. Ballentine Partners LLC increased its holdings in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after acquiring an additional 285 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its position in shares of Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock opened at $42.97 on Friday. The stock has a market cap of $43.18 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.74 and a beta of 0.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average price is $38.62 and its two-hundred day moving average price is $38.84. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $43.45.

Exelon (NASDAQ:EXC) last posted 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 return on equity of 9.47% and a net margin of 10.60%. During the same period in the previous year, the company earned $0.60 EPS. On average, equities analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.72%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is presently 62.55%.

Analyst Ratings Changes

Several analysts recently issued reports on EXC shares. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday. Five equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Insider Buying and Selling

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

About Exelon

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.