Defined Financial Planning LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the company's stock, valued at approximately $226,000.
Other hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its stake in Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Exelon by 20.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after acquiring an additional 279,827 shares during the last quarter. Greenup Street Wealth Management LLC bought a new position in Exelon during the 4th quarter worth approximately $2,274,000. Principal Financial Group Inc. lifted its position in Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock valued at $47,029,000 after purchasing an additional 36,734 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Exelon by 10.6% during the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock valued at $851,000 after purchasing an additional 2,160 shares during the period. 80.92% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on EXC shares. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays boosted their price target 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. Finally, UBS Group upped their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Exelon has an average rating of "Hold" and an average target price of $45.63.
Check Out Our Latest Research Report on Exelon
Insider Activity
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 value of $59,353.91. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.
Exelon Stock Performance
EXC traded up $0.75 during midday trading on Friday, hitting $47.26. 7,496,103 shares of the company traded hands, compared to its average volume of 7,228,455. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The firm has a market capitalization of $47.71 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company's 50-day moving average is $44.35 and its 200 day moving average is $40.81.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period last year, the company earned $0.60 earnings per share. On average, research analysts expect that Exelon Co. will post 2.64 EPS for the current year.
Exelon Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.39%. Exelon's dividend payout ratio (DPR) is presently 65.31%.
About Exelon
(
Free Report)
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.
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