CIBC Asset Management Inc Has $12.14 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

CIBC Asset Management Inc raised its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 322,546 shares of the company's stock after purchasing an additional 12,308 shares during the period. CIBC Asset Management Inc's holdings in Exelon were worth $12,141,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EXC. State Street Corp lifted its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC raised its stake in Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock valued at $1,048,823,000 after buying an additional 403,542 shares in the last quarter. FMR LLC lifted its stake in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company's stock worth $363,626,000 after purchasing an additional 160,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock worth $261,402,000 after purchasing an additional 123,466 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.22 during midday trading on Friday, reaching $43.39. 13,604,617 shares of the company traded hands, compared to its average volume of 7,215,975. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.56. The stock has a 50-day moving average price of $39.41 and a 200 day moving average price of $39.10. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $43.69. 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 released its quarterly earnings results 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 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio is currently 62.04%.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EXC has been the topic of several research analyst reports. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Scotiabank increased their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.38.

Exelon Company 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.