TD Waterhouse Canada Inc. Buys 28,349 Shares of Exelon Co. (NASDAQ:EXC)

TD Waterhouse Canada Inc. lifted its position in Exelon Co. (NASDAQ:EXC - Free Report) by 47.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,309 shares of the company's stock after purchasing an additional 28,349 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Exelon were worth $3,325,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXC. Tower Research Capital LLC TRC raised its holdings in shares of Exelon by 73.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 101,625 shares of the company's stock worth $3,825,000 after acquiring an additional 43,024 shares in the last quarter. Sharpepoint LLC bought a new stake in Exelon in the fourth quarter worth $293,000. MML Investors Services LLC raised its stake in Exelon by 14.2% during the fourth quarter. MML Investors Services LLC now owns 81,310 shares of the company's stock valued at $3,061,000 after purchasing an additional 10,087 shares in the last quarter. MetLife Investment Management LLC lifted its position in Exelon by 2.3% during the fourth quarter. MetLife Investment Management LLC now owns 265,883 shares of the company's stock valued at $10,008,000 after purchasing an additional 5,851 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in shares of Exelon by 14.3% in the 4th quarter. Norinchukin Bank The now owns 60,578 shares of the company's stock worth $2,280,000 after buying an additional 7,572 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Evercore ISI restated an "in-line" rating and set a $48.00 price objective (up from $46.00) on shares of Exelon in a research report on Tuesday, April 15th. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus target price of $45.63.

Exelon Price Performance

Shares of EXC stock opened at $47.37 on Wednesday. The company's 50-day simple moving average is $44.50 and its two-hundred day simple moving average is $40.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company has a market capitalization of $47.82 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 2.64 EPS for the current 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 given a dividend of $0.40 per share. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. Exelon's dividend payout ratio (DPR) is 65.31%.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company's stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

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.

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