Legacy Solutions LLC Acquires Shares of 12,376 Exelon Co. (NASDAQ:EXC)

Legacy Solutions LLC purchased a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,376 shares of the company's stock, valued at approximately $466,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC boosted its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new stake in Exelon in the 3rd quarter valued at about $32,000. Crews Bank & Trust purchased a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Versant Capital Management Inc raised its position in Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock worth $39,000 after acquiring an additional 379 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Evercore ISI upgraded Exelon from an "in-line" rating to an "outperform" rating and increased their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley reduced their price objective on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.38.

Exelon Trading Up 0.5 %

Shares of NASDAQ:EXC traded up $0.22 during midday trading on Friday, reaching $43.39. The company's stock had a trading volume of 13,604,617 shares, compared to its average volume of 7,215,975. The business has a 50 day moving average price of $39.41 and a 200 day moving average price of $39.10. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $43.69. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61.

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, 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 company posted $0.60 earnings per share. Research analysts forecast that Exelon Co. will post 2.64 EPS for the current 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) is currently 62.04%.

Insider Buying and Selling at Exelon

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

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.