Capital Research Global Investors Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Capital Research Global Investors raised its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,209,639 shares of the company's stock after buying an additional 5,418 shares during the period. Capital Research Global Investors owned about 0.32% of Exelon worth $120,811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Te Ahumairangi Investment Management Ltd raised its stake in Exelon by 3.1% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company's stock worth $3,451,000 after buying an additional 2,600 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Exelon in the 3rd quarter worth about $376,000. Tidal Investments LLC lifted its stake in shares of Exelon by 6.5% in the 3rd quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock valued at $1,803,000 after purchasing an additional 2,718 shares during the period. Synovus Financial Corp boosted its position in shares of Exelon by 70.5% during the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock valued at $756,000 after purchasing an additional 7,713 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake 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 purchasing an additional 3,244 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank increased their price target 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 increased their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Evercore ISI reaffirmed an "in-line" rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a research note on Tuesday, April 15th. Guggenheim set a $47.00 price objective on shares of Exelon and gave the company a "buy" rating in a report on Tuesday. Finally, Barclays raised their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.78.

Exelon Stock Down 0.2 %

EXC stock traded down $0.11 during mid-day trading on Friday, reaching $46.22. 6,269,631 shares of the company traded hands, compared to its average volume of 7,264,982. 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's 50 day moving average price is $44.73 and its 200 day moving average price is $41.03. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $0.60 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.40 per share. This is a positive change 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%. The ex-dividend date was Monday, February 24th. Exelon's dividend payout ratio (DPR) is presently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.