Tower Research Capital LLC TRC Grows Position in Exelon Co. (NASDAQ:EXC)

Tower Research Capital LLC TRC raised its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 73.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,625 shares of the company's stock after purchasing an additional 43,024 shares during the quarter. Tower Research Capital LLC TRC's holdings in Exelon were worth $3,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter valued at approximately $28,000. Stephens Consulting LLC lifted its stake in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Exelon during the fourth quarter worth $30,000. Crews Bank & Trust bought a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after buying an additional 513 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXC shares. UBS Group upped their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Evercore ISI reiterated an "in-line" rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a report on Tuesday, April 15th. Morgan Stanley raised their price target on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Guggenheim set a $47.00 target price on shares of Exelon and gave the stock a "buy" rating in a report on Tuesday. Finally, Scotiabank raised their target price on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and an average target price of $45.78.

Exelon Stock Performance

NASDAQ:EXC traded down $0.11 during midday trading on Friday, reaching $46.22. The stock had a trading volume of 6,269,519 shares, compared to its average volume of 7,251,799. 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 market cap of $46.66 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.86 and a beta of 0.39. The firm has a fifty day simple moving average of $44.65 and a two-hundred day simple moving average of $40.99. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11.

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, 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 period last year, the firm posted $0.60 EPS. On average, equities analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.46%. Exelon's dividend payout ratio is 65.31%.

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.