Exelon Co. (NASDAQ:EXC) Shares Bought by Corebridge Financial Inc.

Corebridge Financial Inc. increased its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 411,939 shares of the company's stock after acquiring an additional 20,354 shares during the quarter. Corebridge Financial Inc.'s holdings in Exelon were worth $15,505,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton increased its stake in shares of Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock worth $92,000 after purchasing an additional 275 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC lifted its position in shares of Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after acquiring an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after acquiring an additional 311 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Exelon by 3.0% during the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after purchasing an additional 322 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm'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 completion of the transaction, the executive vice president now directly 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Exelon Trading Up 1.0 %

Shares of EXC stock traded up $0.46 during trading on Friday, hitting $44.71. 8,285,209 shares of the stock traded hands, compared to its average volume of 6,806,051. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $45.20. The firm has a market capitalization of $45.14 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The firm's fifty day moving average price is $42.51 and its 200-day moving average price is $40.14. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 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 company earned $0.60 EPS. As a group, research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) is 65.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXC. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group increased their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. 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 report on Tuesday, January 21st. Finally, Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.13.

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.