6,648 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE acquired a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,648 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank raised its position in Exelon by 7.0% in the 4th 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 period. Robeco Institutional Asset Management B.V. grew its stake in shares of Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after buying an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock worth $16,051,000 after buying an additional 321,333 shares during the period. State Street Corp lifted its stake in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new position in Exelon during the 4th quarter valued at $2,274,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC traded up $0.04 during midday trading on Wednesday, reaching $45.96. 4,184,179 shares of the company's stock traded hands, compared to its average volume of 6,851,198. The company has a market cap of $46.40 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a one year low of $34.01 and a one year high of $46.46. 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's 50 day simple moving average is $42.75 and its 200-day simple moving average is $40.23.

Remove Ads

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 prior year, the firm posted $0.60 EPS. On average, analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) is currently 65.31%.

Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were 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 of the company's stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.13.

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.