Exelon Co. (NASDAQ:EXC) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. lifted its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 110.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,503,517 shares of the company's stock after acquiring an additional 1,315,414 shares during the period. Prudential Financial Inc. owned 0.25% of Exelon worth $94,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its position in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock worth $92,000 after buying an additional 275 shares during the last quarter. Wesbanco Bank Inc. lifted its position in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC boosted its stake in Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after acquiring an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after purchasing an additional 311 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Exelon by 3.0% during the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after purchasing an additional 322 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm'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 value of $59,353.91. Following the transaction, the executive vice president now 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 filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Exelon Price Performance

EXC stock traded up $0.46 on Friday, reaching $44.71. 8,285,209 shares of the company's stock were exchanged, compared to its average volume of 6,806,051. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average of $42.51 and a 200-day moving average of $40.14. The firm has a market cap of $45.14 billion, a PE ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (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 period in the previous year, the firm earned $0.60 earnings per share. As a group, equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI upgraded Exelon from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley increased their target price 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. Four equities research 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 an average rating of "Moderate Buy" and a consensus price target of $45.13.

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.