Sharpepoint LLC Takes $293,000 Position in Exelon Co. (NASDAQ:EXC)

Sharpepoint LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,782 shares of the company's stock, valued at approximately $293,000.

A number of other large investors have also recently bought and sold shares of EXC. Te Ahumairangi Investment Management Ltd increased its position in shares of Exelon by 3.1% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company's stock worth $3,451,000 after purchasing an additional 2,600 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Exelon during the third quarter worth $376,000. Tidal Investments LLC raised its position in Exelon by 6.5% during the third quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock worth $1,803,000 after acquiring an additional 2,718 shares in the last quarter. Synovus Financial Corp grew its position in shares of Exelon by 70.5% in the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock valued at $756,000 after acquiring an additional 7,713 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in Exelon by 17.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company's stock worth $865,000 after buying an additional 3,244 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research reports. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. 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. Evercore ISI reiterated an "in-line" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, UBS Group increased their price objective on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.63.

Exelon Price Performance

Shares of NASDAQ EXC traded up $1.14 during mid-day trading on Tuesday, reaching $47.37. The company had a trading volume of 7,381,381 shares, compared to its average volume of 7,240,251. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.86 and a beta of 0.39. The business's 50-day simple moving average is $44.50 and its 200 day simple moving average is $40.90. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.64 EPS 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 period last year, the company posted $0.60 EPS. On average, research analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.38%. Exelon's dividend payout ratio is presently 65.31%.

Insider Buying and Selling at Exelon

In other 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

About Exelon

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.