Rhumbline Advisers Purchases 45,115 Shares of Exelon Co. (NASDAQ:EXC)

Rhumbline Advisers grew its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,962,141 shares of the company's stock after buying an additional 45,115 shares during the quarter. Rhumbline Advisers owned 0.20% of Exelon worth $73,855,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Czech National Bank raised its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after acquiring an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock worth $16,051,000 after purchasing an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock worth $261,402,000 after purchasing an additional 123,466 shares during the last quarter. Finally, State Street Corp increased its holdings in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Insider Transactions at Exelon

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 transaction of $59,353.91. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Exelon Stock Up 1.2 %

Shares of NASDAQ:EXC traded up $0.52 during midday trading on Thursday, reaching $43.17. The company's stock had a trading volume of 6,945,013 shares, compared to its average volume of 6,901,303. 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 firm has a 50 day moving average of $39.16 and a 200-day moving average of $39.02. The firm has a market capitalization of $43.40 billion, a P/E ratio of 17.62, a PEG ratio of 2.83 and a beta of 0.56. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $43.45.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 EPS. On average, research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed 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. This is a boost from Exelon's previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. Exelon's payout ratio is presently 62.04%.

Wall Street Analyst Weigh In

EXC has been the subject of several research analyst reports. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Morgan Stanley dropped their price target on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Evercore ISI raised shares of Exelon from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays cut their target price on shares of Exelon from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Five 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, the company has a consensus rating of "Moderate Buy" and an average target price of $43.38.

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.