Lansing Street Advisors Makes New $470,000 Investment in Exelon Co. (NASDAQ:EXC)

Lansing Street Advisors purchased a new position in Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,500 shares of the company's stock, valued at approximately $470,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Foundations Investment Advisors LLC raised its holdings in Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company's stock worth $305,000 after acquiring an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of 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 stake in shares of Exelon by 12.6% in 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 during the last quarter. Ballentine Partners LLC lifted its holdings 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. boosted its position 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 buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Price Performance

EXC traded up $0.02 during trading hours on Wednesday, hitting $44.06. The company's stock had a trading volume of 11,507,104 shares, compared to its average volume of 7,289,772. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $44.26. The stock has a market cap 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. The business's 50-day moving average price is $39.71 and its 200-day moving average price is $39.20.

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 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 expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.63%. Exelon's dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Barclays boosted their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank boosted their target price 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. Finally, Evercore ISI raised Exelon from an "in-line" rating to an "outperform" rating and increased their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. 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 price target of $44.13.

Insider Activity

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on 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 transaction, the executive vice president now owns 2,271 shares of the company's stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

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.