Allstate Corp Takes Position in Exelon Co. (NASDAQ:EXC)

Allstate Corp purchased a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,288 shares of the company's stock, valued at approximately $1,140,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXC. D.A. Davidson & CO. lifted its holdings in shares of Exelon by 3.1% in the third quarter. D.A. Davidson & CO. now owns 25,851 shares of the company's stock worth $1,048,000 after buying an additional 785 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Exelon by 24.1% in the third quarter. Townsquare Capital LLC now owns 16,517 shares of the company's stock worth $670,000 after buying an additional 3,208 shares during the period. CreativeOne Wealth LLC bought a new position in Exelon during the 3rd quarter worth approximately $268,000. Public Sector Pension Investment Board lifted its position in Exelon by 3.0% in the third quarter. Public Sector Pension Investment Board now owns 174,692 shares of the company's stock valued at $7,084,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Exelon by 4.2% in the third quarter. Captrust Financial Advisors now owns 46,081 shares of the company's stock worth $1,869,000 after purchasing an additional 1,868 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Insider Activity at Exelon

In related 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 sale, the executive vice president now directly owns 2,271 shares of the company's stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price objective on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.13.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC traded up $0.05 on Wednesday, reaching $45.97. 6,829,861 shares of the company's stock traded hands, compared to its average volume of 6,860,770. 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 business's 50 day simple moving average is $42.75 and its two-hundred day simple moving average is $40.23. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $46.46. The company has a market cap of $46.41 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results 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 in the prior year, the business earned $0.60 EPS. As a group, equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal 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 dividend of $0.40 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.48%. Exelon's dividend payout ratio is presently 65.31%.

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.