Exelon Co. (NASDAQ:EXC) Shares Bought by Mariner LLC

Mariner LLC boosted its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 17.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,213 shares of the company's stock after acquiring an additional 20,824 shares during the period. Mariner LLC's holdings in Exelon were worth $5,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Czech National Bank raised its position in Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after purchasing an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after buying an additional 279,827 shares during the period. Greenup Street Wealth Management LLC bought a new stake in Exelon in the fourth quarter worth $2,274,000. Principal Financial Group Inc. boosted its stake in Exelon by 3.3% during the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock worth $47,029,000 after buying an additional 36,734 shares during the period. Finally, Principal Securities Inc. boosted its stake in Exelon by 10.6% during the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after buying an additional 2,160 shares during the period. Institutional investors own 80.92% of the company's stock.

Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXC. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Morgan Stanley raised their price objective 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. Guggenheim set a $47.00 target price on Exelon and gave the company a "buy" rating in a research note on Tuesday. Scotiabank raised their price target on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.78.

Exelon Stock Down 0.3 %

Shares of EXC stock traded down $0.16 on Friday, hitting $46.17. The stock had a trading volume of 1,340,381 shares, compared to its average volume of 8,287,692. The company has a market cap of $46.61 billion, a PE ratio of 18.85, a P/E/G ratio of 2.86 and a beta of 0.39. The business has a 50 day moving average price of $44.65 and a 200 day moving average price of $40.99. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 business earned $0.60 EPS. Research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is presently 65.31%.

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.