MetLife Investment Management LLC Increases Stock Holdings in Exelon Co. (NASDAQ:EXC)

MetLife Investment Management LLC increased its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,883 shares of the company's stock after buying an additional 5,851 shares during the quarter. MetLife Investment Management LLC's holdings in Exelon were worth $10,008,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXC. Millstone Evans Group LLC purchased a new position in Exelon during the 4th quarter valued at about $28,000. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in Exelon during the 4th quarter valued at about $30,000. Crews Bank & Trust purchased a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on EXC. Evercore ISI restated an "in-line" rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a report on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. UBS Group raised their target price on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, Barclays increased their price target on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $45.78.

Insider Transactions at Exelon

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

Exelon Stock Down 0.2 %

Shares of NASDAQ EXC traded down $0.11 during midday trading on Friday, hitting $46.22. 6,269,631 shares of the company's stock were exchanged, compared to its average volume of 7,272,313. 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 twelve month low of $34.01 and a twelve month high of $48.11. The company has a market cap of $46.66 billion, a PE ratio of 18.87, a P/E/G ratio of 2.86 and a beta of 0.39. The firm's fifty day simple moving average is $44.73 and its 200-day simple moving average is $41.05.

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, 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 quarter last year, the firm posted $0.60 EPS. Research analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) 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.