NEOS Investment Management LLC increased its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,366 shares of the company's stock after purchasing an additional 26,715 shares during the quarter. NEOS Investment Management LLC's holdings in Exelon were worth $4,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Exelon in the 4th quarter worth $28,000. Stephens Consulting LLC grew its position in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Exelon in the 4th quarter worth about $30,000. Crews Bank & Trust purchased a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.
Insider Buying and Selling 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 shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on EXC shares. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Scotiabank lifted their price objective on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Morgan Stanley upped their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.13.
View Our Latest Analysis on Exelon
Exelon Stock Performance
NASDAQ:EXC traded down $0.00 during mid-day trading on Tuesday, reaching $46.08. The company's stock had a trading volume of 2,147,853 shares, compared to its average volume of 6,820,885. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $46.52 billion, a P/E ratio of 18.81, a PEG ratio of 2.86 and a beta of 0.51. The firm's fifty day moving average price is $42.64 and its two-hundred day moving average price is $40.19. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $46.33.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.
Exelon Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.47%. This is a boost from Exelon's previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon's dividend payout ratio (DPR) is presently 65.31%.
About Exelon
(
Free Report)
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.
Featured Stories
Before you consider Exelon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exelon wasn't on the list.
While Exelon currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
