Allspring Global Investments Holdings LLC increased its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 577,277 shares of the company's stock after buying an additional 162,007 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of Exelon worth $21,740,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC increased its holdings in Exelon by 78.1% in the 4th 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. acquired a new stake in Exelon in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in Exelon in the 3rd quarter valued at approximately $32,000. Crews Bank & Trust acquired a new position in shares of Exelon in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc grew its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock worth $39,000 after acquiring an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.
Exelon Stock Performance
NASDAQ EXC traded down $0.05 on Wednesday, reaching $42.65. The stock had a trading volume of 7,595,917 shares, compared to its average volume of 6,884,149. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $43.45. The business's 50-day moving average price is $39.04 and its 200 day moving average price is $39.00. The stock has a market cap of $42.87 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 2.84 and a beta of 0.56.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $0.60 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.
Exelon Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is presently 62.04%.
Analysts Set New Price Targets
EXC has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Barclays dropped their price objective on 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. Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Evercore ISI upgraded 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 note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.38.
View Our Latest Report on Exelon
Insider Activity
In related news, EVP Colette D. Honorable sold 1,463 shares of the company's 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 transaction, the executive vice president now owns 2,271 shares of the company's stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company's stock.
Exelon Company Profile
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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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