Callan Capital LLC Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Callan Capital LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 110.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,099 shares of the company's stock after buying an additional 6,349 shares during the quarter. Callan Capital LLC's holdings in Exelon were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Foundations Investment Advisors LLC lifted its stake in shares of Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company's stock valued at $305,000 after acquiring an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company's stock worth $1,151,000 after purchasing an additional 274 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock valued at $92,000 after purchasing an additional 275 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company's stock valued at $565,000 after purchasing an additional 285 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock worth $375,000 after purchasing an additional 296 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was 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 owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Exelon Stock Up 0.0 %

Shares of Exelon stock traded up $0.02 on Wednesday, hitting $44.06. The company had a trading volume of 11,506,656 shares, compared to its average volume of 7,289,694. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $44.26. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a 50 day moving average of $39.71 and a 200-day moving average of $39.20. The stock has a market capitalization of $44.29 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the company earned $0.60 EPS. As a group, sell-side analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm 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 is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. Exelon's dividend payout ratio is currently 65.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley reduced their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Scotiabank upped their price target 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, Barclays raised their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $44.13.

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.