Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 197,500 shares of the company's stock, valued at approximately $7,434,000.
A number of other large investors also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Exelon during the fourth quarter worth about $28,000. Stephens Consulting LLC grew 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 worth $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon in the 4th quarter worth about $30,000. Crews Bank & Trust bought a new stake in shares of Exelon during the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC lifted its holdings 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 purchasing an additional 513 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.
Exelon Stock Down 0.2 %
Shares of Exelon stock traded down $0.11 during trading on Friday, hitting $46.22. 6,269,631 shares of the stock traded hands, compared to its average volume of 7,251,806. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The stock's fifty day simple moving average is $44.65 and its 200 day simple moving average is $40.99. The firm has a market cap of $46.66 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 business posted $0.60 earnings per share. On average, equities analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.
Exelon Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date 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 yield of 3.46%. Exelon's dividend payout ratio (DPR) is 65.31%.
Wall Street Analyst Weigh In
A number of research firms recently commented on EXC. Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI reiterated an "in-line" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Exelon currently has an average rating of "Hold" and an average target price of $45.78.
Check Out Our Latest Stock Report on EXC
About Exelon
(
Free Report)
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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