53,000 Shares in Exelon Co. (NASDAQ:EXC) Acquired by Hartree Partners LP

Hartree Partners LP bought 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 SEC. The institutional investor bought 53,000 shares of the company's stock, valued at approximately $1,995,000.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Exelon during the fourth quarter worth $479,597,000. JPMorgan Chase & Co. increased its stake in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after acquiring an additional 3,068,309 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. Amundi grew its holdings in Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company's stock valued at $235,390,000 after purchasing an additional 2,160,201 shares during the period. Finally, State Street Corp increased its position in 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. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.1 %

Shares of EXC traded up $0.05 during mid-day trading on Wednesday, reaching $45.97. 6,827,272 shares of the stock traded hands, compared to its average volume of 6,860,755. The stock has a fifty day simple moving average of $42.75 and a 200 day simple moving average of $40.23. The firm has a market cap of $46.41 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 12-month low of $34.01 and a 12-month 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.

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Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.48%. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon's dividend payout ratio is 65.31%.

Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 2,271 shares of the company's stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several research reports. 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 note on Thursday, February 13th. Evercore ISI raised Exelon from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Finally, UBS Group increased their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Exelon presently 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.