Edge Capital Group LLC Takes $19.24 Million Position in Exelon Co. (NASDAQ:EXC)

Edge Capital Group LLC acquired a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 511,041 shares of the company's stock, valued at approximately $19,236,000. Exelon comprises approximately 1.0% of Edge Capital Group LLC's investment portfolio, making the stock its 25th largest position. Edge Capital Group LLC owned 0.05% of Exelon as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank raised its position in shares of Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after acquiring an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position 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 buying an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Exelon by 431.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock valued at $16,051,000 after buying an additional 321,333 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock valued at $261,402,000 after buying an additional 123,466 shares in the last quarter. Finally, State Street Corp increased its position in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Scotiabank upped 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 upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.13.

Exelon Stock Down 0.5 %

Shares of Exelon stock traded down $0.23 during trading hours on Thursday, reaching $43.84. 6,560,723 shares of the company's stock were exchanged, compared to its average volume of 7,270,625. The company has a 50 day moving average of $39.86 and a two-hundred day moving average of $39.23. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $44.32. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $44.06 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon's dividend payout ratio is currently 65.31%.

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.