Hsbc Holdings PLC Has $209.75 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Hsbc Holdings PLC grew its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,573,740 shares of the company's stock after acquiring an additional 1,136,954 shares during the period. Hsbc Holdings PLC owned about 0.55% of Exelon worth $209,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Stifel Financial Corp boosted its position in Exelon by 2.4% during the 4th quarter. Stifel Financial Corp now owns 123,023 shares of the company's stock worth $4,631,000 after purchasing an additional 2,854 shares during the period. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Exelon during the 4th quarter worth $7,434,000. TD Waterhouse Canada Inc. boosted its position in Exelon by 47.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 88,309 shares of the company's stock worth $3,325,000 after purchasing an additional 28,349 shares during the period. Tower Research Capital LLC TRC boosted its position in Exelon by 73.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 101,625 shares of the company's stock valued at $3,825,000 after buying an additional 43,024 shares during the last quarter. Finally, Sharpepoint LLC purchased a new position in Exelon in the 4th quarter valued at about $293,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.11 during trading hours on Friday, hitting $46.22. The stock had a trading volume of 6,269,631 shares, compared to its average volume of 7,272,313. The stock's fifty day simple moving average is $44.73 and its 200 day simple moving average is $41.05. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The firm has a market capitalization of $46.66 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.86 and a beta of 0.39. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the company earned $0.60 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. 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 annualized dividend and a dividend yield of 3.46%. Exelon's dividend payout ratio (DPR) is 65.31%.

Analysts Set New Price Targets

EXC has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Guggenheim set a $47.00 price objective on shares of Exelon and gave the company a "buy" rating in a research report on Tuesday, April 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley increased 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.78.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

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.